On Monday, the Sovereign Gold Bond Scheme 2021-22, Series X will open for subscription. This is happening at a time when gold is being considered by investors as a safe investment.
DATE:
February 28 to March 4 is when the Sovereign Gold Bond Scheme 2021-22, Series X will be issued.
Investors have until March 4 to subscribe.
PRICE:
Price per gram is Rs 5,109 under the Series X Sovereign Gold Bond Scheme 2021-22,
A discount of Rs 50 per gram is being offered by the government to investors who apply and pay over the internet.
A guaranteed return of 2.50 percent per year will be paid half yearly.
Sovereign gold bonds are stored in Demat Form, which ensures their safety.
There will be no capital gains tax, no yearly recurring charge, and no annual recurrent expense on redemption.
Unlike actual gold, there would be no GST and no manufacturing fees.
The duration of the sovereign gold bond program is eight years, with an option to withdraw from the fifth year of interest payments.
From a date to be specified by the RBI, sovereign gold bonds will be traded on the BSE and NSE.
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