For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

SGBs To Be Opened For Subscription Twice In October 2019

|

As people prefer buying gold during festivities, the government has decided to issue SGBs twice in the month of October. The savings are now channelized into SGBs as against physical gold due to a host of benefit that come with it including 2.5% interest per annum payable half-yearly, no storage cost as well as no security issues.

SGBs To Be Opened For Subscription Twice In October 2019
 

The interests on Sovereign Gold Bonds are, however, taxable as per the provision of Income Tax Act, 1961 (43 of 1961).

In the month of October 2 SGBs will remain open from October 7-11 and October 21-25.

SGBs can be purchased from the commercial banks, SHCIL and designated post office and recognised stock exchanges.

Only resident individuals, HUFs, Trusts, Universities and Charitable Institutions are allowed to invest in Sovereign Gold Bonds through cash (upto a maximum of Rs 20,000) or demand draft or cheque or electronic banking.

They have a tenure of 8 years but the exit can be made in the instrument after the 5th year on the interest payment dates.

GoodReturns.in

Read more about: sgb gold gold bonds
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more