Monica Malik Instagram – 👉Sovereign Gold Bonds (SGBs) are government-backed financial instruments that enable individuals to invest in gold without purchasing physical gold.
👉The latest Sovereign Gold Bond (SGB) tranche opened for subscription on September 11, and it will close on September 15, 2023.
👉The price of the gold bonds has been set at Rs 5,923 per gram. It will be Rs 50 less per gram for investors who subscribe online and pay through digital mode.
👉SGBs offer a fixed annual interest rate of 2.5%, paid out semi-annually in the months of June and December.
👉SGBs come with an eight-year maturity period, and early redemption is possible starting from the fifth year.
👉The minimum permissible investment is one gram. The maximum investment for individual investors and Hindu Undivided Families is 4 kg.
👉SGBs will be available for purchase through various channels, including banks, the Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognized stock exchanges, namely the National Stock Exchange and the Bombay Stock Exchange.
#gold #goldjewellery #investment #investing #finance #financetips #financialfreedom #financialliteracy #financialeducation #reels #explore | Posted on 12/Sep/2023 15:53:05
