Know About Sovereign Gold Bond Scheme 2017-18 Series II

Finance Guru Speaks: Sovereign Gold Bond Scheme (SGBs) 2017-18 Series II Subscription is opened from 10th July to 14th July, 2017. 

SGBs are Government securities issued in multiples of 1 gram of gold by Reserve Bank on behalf of the Government of India. Issue Price for this period is INR 2780/- per gram. 

The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised  stock  exchanges  viz.,  National  Stock Exchange  of  India  Limited  and Bombay  Stock  Exchange. 

You can buy this Bonds through Cash Payment (upto a maximum of Rs 20,000) or other means like DD/Cheque/Electronic Banking.

Sovereign Gold Bond Scheme
Sovereign Gold Bond Scheme

1. No annual recurring expenses in maintaining the investment.
2. Earned interest will be directly credited to you Bank Account.
3. No risk of handling physical gold.
4. Capital gains tax is exempted on redemption.
5. Indexation benefit will be available on the transfer of bond. 

Important Points:-

1. Fixed Rate Interest earned is 2.50% payable half-yearly on the investment.
2. You can buy minimum of 1 gram and maximum of 500 gram of Gold.
3. You can redeem the value in Indian Rupees in 8 years from the date of issue. Exit options are available from 5th year onwards.
4. This Bonds can be held as collateral for loans.
5. You can trade this Bonds through NSE and BSE Stock Exchanges.

Images Courtesy: India Post Website

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