Sovereign Gold Bond scheme: SBI has tweeted to inform its customers about the benefits of this gold bond scheme.
Sovereign Gold Bond Scheme
The Sovereign Gold Bond scheme is open for subscription till 16 July 2021. According to the Reserve Bank of India (RBI), the price of this Sovereign Gold Bond Scheme 2021-22 – Series IV is Rs 4,807 per gram. The Reserve Bank, in consultation with the Government of India (GoI), will give a discount of Rs 50 per gram to investors making online applications and making digital payments. According to RBI, the issue price for such investors will be Rs 4,757 per gram of gold.
However, to increase the interest of gold investors in the Gold Investment Scheme backed by the Government of India, State Bank of India (SBI) has listed six golden reasons that are enough for an investor to invest in this scheme.
SBI has tweeted to inform its customers about the benefits of this gold bond scheme. SBI said in a tweet, planning to invest in gold? Here are 6 golden reasons to invest in Sovereign Gold Bonds. SBI customers can invest in these bonds under e-service at http://onlinesbi.com.
Planning to invest in Gold?
Here are 6 golden reasons to invest in Sovereign Gold Bonds.
SBI customers can invest in these bonds on https://t.co/YMhpMw26SR under e-services.
— State Bank of India (@TheOfficialSBI) July 12, 2021
SBI has listed 6 golden reasons why you should invest in Sovereign Gold Bond Scheme 2021-22 Series Four.
>> Assured Return Nature- Investors of Sovereign Gold Bonds will get interest at the rate of 2.5 per cent per annum every year. This interest will be available on half yearly basis.
>> Exemption from Capital Gains Tax: No capital gains tax will be levied on redemption.
>> Loan Facility: Can be used as collateral for loans.
>> No storage problems: Safe, no storage hassle like physical gold.
>> Liquidity: Can trade on exchanges.
>> Exemption from GST, Making Charges: Unlike physical gold, there is no GST and making charges.
SBI is trying to tell that one should not invest in Sovereign Gold Bond Scheme only keeping an eye on the returns. Other savings should be taken into account while investing in this Government of India-backed gold investment scheme.
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