Sovereign Gold Bonds offer a unique blend of safety and growth potential for your investments. Sovereign Gold Bonds (SGB) are secure, profitable, and backed by the Government of India. It frees you from the hassles of keeping physical gold. Issued by the RBI (Reserve Bank of India), it is not only a safe option but also offers assured additional interest on capital. (SGB 2023-24 Series III. offers assured interest of 2.5% per annum on capital with instant discount of Rs.50 per gram on online payment.) It offers exemption from capital gains taxes if you stay invested till maturity (8 years). Benefit of indexation is available if redeemed after 5 Years.
Why should you invest in SGBs?
- No storage hassle and making charges unlike physical gold. Thus eliminates the risks and costs of holding physical gold.
- Safe investment option backed by Govt of India.
- It offers exemption from capital gains taxes if you stay invested till maturity (8 years)
- Benefit of indexation is available if redeemed after 5 Years.
- GST and TDS not Applicable
- Can start with a minimum investment of 1 gram.
- Earn 2.5% p.a. assured additional interest on capital disbursed biannually. (SGB 2023-24 Series III)
Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute professional advice. While full efforts have been made to ensure the accuracy of data and numbers, no responsibility is taken for any errors or omissions. Tax implications on insurance, investments and returns from related products may change due to updates in tax laws. Always consult with your financial advisor or insurance expert before making any investment or insurance decisions. The author is not responsible for any financial losses or damages incurred as a result of relying on the information in this blog.
