You can invest in Sovereign Gold Bond from today, the benefits are many, but before buying, definitely know these things

Sovereign Gold Bond: The subscription of the ninth series of Sovereign Gold Bond has started from today. The rate for investors has been fixed at Rs 4786 per gram. On digital payment, this rate will be Rs 4736.

This time the price has been fixed at Rs 4786 per gram.

Sovereign Gold Bond: Subscription is open for the ninth series of Sovereign Gold Bond Scheme 2021-22 from today. Investors have an opportunity to invest in the Gold Bond Scheme till January 14. This time the Reserve Bank of India has fixed the rate of SGB at Rs 4786 per gram. This is 5 rupees less than the previous series. If you invest in it online then you will get a separate discount of Rs 50 per gram. The bond price has been fixed at Rs 4736 per gram for investors making digital payments.

In Sovereign Gold Bond, a person can buy a minimum of 1 gram and a maximum of 4 kg of gold in a financial year. Whereas HUF (Hindu Undivided Family) can buy gold bonds up to 4 kg and trusts up to 20 kg. Investors of Sovereign Gold Bonds will get interest at the rate of 2.5 per cent per annum. This interest will be available on half yearly basis. No capital gains tax will be levied on redemption. It can also be used as collateral for the loan.

No hassle of GST and making charges

Gold bond is not physical gold, so there is no problem in its storage. It can be traded on exchanges and unlike physical gold, it does not attract any GST and making charges. Bonds can be bought directly or through agents of scheduled private banks, designated post offices, scheduled foreign banks, government banks, Stock Holding Corporation of India Limited (SHCIL) and licensed stock exchanges.

8 years maturity

Gold Bond gives complete guarantee of purity of gold. The Government of India guarantees that you will get the price of 24 carat gold on maturity. This bond is for 8 years. Talking about the tax, there is no capital gains tax on the amount received from the bond after 8 years.

Exit option after 5 years

As mentioned, this bond matures after 8 years, although there is an exit option after 5 years. Transaction charges are higher for selling bonds before maturity. Overall, this is a great option for investing in gold. It has government trust of 24 carat gold. No worries about security. There is fixed interest income till maturity and on maturity, the benefit will be given according to the value of that time. There is no tax on capital gains.

read this also, January 15 is the last date for submission of tax audit report, ICAI made this demand from the government

read this also, There is a chance to earn every month in this government scheme, money will also be completely safe