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2.50% interest over and above gold’s market price
INR 50/gram, Discount on online purchase
With sovereign gold bonds, you can easily invest in gold without the hassle of storing physical gold. Don't miss out on the opportunity to safeguard your finances.
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Sovereign Gold Bonds are RBI-issued government securities denominated in grams and can be a great alternative to holding physical gold. At the time of maturity, you can redeem them for the gold’s market value in cash.
Sovereign Gold Bonds are considered a safe way to invest in gold, while eliminating the risks associated with the storage and paying of making charges while buying physical gold ornaments or gold coins.
SGB offers added benefit over other investments in gold-related assets. The advantages attached to SGB bonds are listed below:
Some of the features of this gold scheme are listed below:
2.50% interest over and above gold's market price
₹50/gram Discount on online purchase
Guaranteed market value of gold at bond maturity
Zero capital gains tax on maturity for individual investors
Individuals residing in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, trusts, HUFs, universities, and charitable institutions. Individual investors with subsequent changes in residential status from resident to non-resident can continue to hold SGB till early redemption/maturity.
Individual customers can invest online by following these steps:
Log in to IDFC FIRST Bank’s Internet Banking/Mobile application
Go to the investments section
Select Sovereign Gold Bond
Enter desired quantity; the amount payable will be calculated and displayed
Confirm details and complete your purchase
Sovereign Gold Bonds SGBs are government-issued bonds that allow individuals to invest in gold in a financial form without owning physical gold.
Yes, SGBs are backed by an equivalent amount of physical gold, and the government guarantees the repayment of the principal at maturity.
You can invest in SGBs by contacting your IDFC FIRST Bank Relationship Manager today, or purchase directly on the IDFC FIRST Bank netbanking app.
The minimum investment is typically one gram of gold, and the maximum investment is usually 4 kilograms for individuals and 20 kilograms for trusts and similar entities per fiscal year.
Yes, SGBs pay fixed-rate interest on the investment amount, typically on a semi-annual basis.
The lock-in period is typically eight years, but you can exit SGBs after the fifth year on specific interest payment dates.
Yes, SGBs are tradable on stock exchanges, offering liquidity to you, should you wish to sell them before maturity.
Yes, SGBs provide tax benefits on capital gains if held until maturity. They are exempt from capital gains tax when redeemed or sold.
SGBs are considered a relatively safe investment because they are backed by the government. They provide the security of government backing for your gold investment.
SGBs can be a suitable choice for long-term investors looking to accumulate gold for various purposes, including retirement or wealth preservation.