HURRY! Sovereign Gold Bond Scheme 2021 Series V subscription CLOSES TOMORROW, check this special DISCOUNT for SBI customers, why you should INVEST? - check details here
The subscription for Sovereign Gold Bond (SGB) Scheme 2021-22 - Series V closes tomorrow, August 13, 2021. The SBI customers must note that there is a special discount for them on online application.
SBI Sovereign Golden Bond 2021: The Sovereign Gold Bond (SGB) Scheme 2021-22 - Series V is for subscription till tomorrow, August 13, 2021. In one of its recent tweets, the State Bank of India (SBI) informed about the golden reasons behind investing in SGB. Furthermore, the SBI offers a special discount of Rs 50 per gram on online application. The interested customers can login to the official website at onlinesbi.com for further details.
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The interested customers must note that the SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bond is issued by Reserve Bank of India (RBI) on behalf of Government of India. For the latest series, the issue opened on August 9, 2021 and will close on August 13, 2021.
The SBI customers must note that there will also be a special discount of Rs 50 per gram on online applications. The SBI has also cited the 'golden' reasons for investing on the Sovereign Gold Bonds. They are as follows:
1) The investment assures returns of 2.50 per cent per annum payable half-yearly
2) It is secured and there are no storage hassles like physical gold
3) The liquidity is tradable on exchanges
4) There is no GST and making charges unlike in physical gold
5) It can be also used as collateral for loans
6) There is no Capital Gains Tax on redemption
Sovereign Gold Bond Scheme was launched by the government in November 2015, under Gold Monetisation Scheme. Under the scheme, the issues are made open for subscription in tranches by RBI in consultation with the government of India. The Reserve Bank of India (RBI) notifies the terms and conditions for the scheme from time to time.
One must note that as per the RBI's instructions, “Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s)’’ as the PAN number of the first/ sole applicant is mandatory.
For further details, the interested SBI customers are requested to login to the official website at onlinesbi.com.
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