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Wednesday, 14 July 2021

SBI names 6 benefits of investing in sovereign gold bonds, investments can be made till

 SBI names 6 benefits of investing in sovereign gold bonds, investments can be made till 

July 16

 SBI names 6 benefits of investing in sovereign gold bonds, investments can be made till 

Sales of the fourth series of the Sovereign Gold Bond Scheme 2021-22 have started from July 12 and will continue till July 16. The government has fixed a price of Rs 4,807 per gram. Those who apply online and make digital payments will get a discount of Rs 50 per gram. The SBI has given 6 reasons why you should invest in the fourth series of Sovereign Gold Bond Scheme 2021-22.

2.50% interest is earned

Investors in Sovereign Gold Bonds receive a fixed interest rate of 2.50% per annum. This money is credited to your account every 6 months. That means an investment of Rs 48,070 will earn Rs 1,215 per annum and a total of Rs 10,630 over 8 years as interest.

Exemption from capital gains tax

There seems to be no capital gains tax on redemption. Any capital gains on the maturity of a gold bond will be discounted.

Loan facility

The maturity period of the bond is 8 years, but investors have the opportunity to exit after 5 years. That means if you want to withdraw money you can withdraw it after 5 years. According to the NSE, this sovereign gold bond can also be used as collateral when taking a loan.

No storage problems

Electronic gold is in a demat account with only an annual demat charge to be paid. There is no fear of gold being stolen from you. As well as the risk of theft in physical gold, it also has to be spent on its security.


The bond also trades on the National Stock Exchange (NSE). In that case, if you need money, you can sell it to someone else. According to the NSE, the price of gold bonds is linked to the price of 24 carat purity gold published by the Indian Bullion and Jewelers Association.

GST and making charge do not seem

Unlike physical gold, there is no GST and making charge. The benefits outweigh the costs.

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Investments can also be made online

Investors can also invest in Sovereign Gold Bonds through online banking or a detailed account. SBI customers can invest in it through net banking. All you have to do is login to SBI's official website. They will then have to go to the option in Sovereign Gold Bond on e-Services Click. Here we have to select the term and condition and process it. The registration form will then open, once the registration is done just fill in the nominee details and click on submit button. Investors can know the details by calling SBI's toll free number 1800 112211.

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