There is a worldwide lockdown in the wake of the Corona epidemic. No such investment method is working. In this case, the price of gold has increased very fast. But under the Sovereign Gold Bond Scheme, the Government of India gives an opportunity to buy gold cheaply. The government is giving this opportunity on Monday, 11 May 2020. But if you are not able to take this time, do not be disappointed. This year the government will give you 5 times and such opportunities. The Reserve Bank of India (RBI) has said that the issue price for the next installment of Sovereign Gold Bonds (SGB), part of the central government's market-lending program, has been fixed at Rs 4,590 per gram.
Benefits of buying gold bond
After investing 2.5 percent interest in investing on Sovereign Gold Bonds, there are advantages of increasing the gold rate. Also, 2.5 percent interest is also received annually. Which is deposited in the bank account of the investor every 6 months. The last installment of interest is paid on maturity along with the principal. The maturity period of Sovereign Gold Bond is 8 years. But if you want, you can sell it even after 5 years, 6 years and 7 years. It is issued by the RBI.
Where can apply
Under this scheme, any Indian citizen can buy gold cheaply. The application form for investing in it will be provided by various banks, Stock Holding Corporation of India (SHCIL) offices, designated post offices and agents. The application form can also be downloaded from the RBI website. Banks can also provide online application facility. Under this scheme, any Indian citizen can buy sovereign gold bonds of minimum value of 1 gram and maximum of 4 kg in 1 financial year whereas the maximum purchase limit for a trust is 20 kg.
Discount will be available on online shopping
From May 11 to May 15, people can buy cheap gold through this scheme. If you want, you can also buy sovereign gold bonds online. For the second series, the government will announce its price 1 day in advance. But if you buy Sovereign Gold Bond online, then you can take an additional discount of Rs 50 per gram i.e. Rs 500 per 10 gram.
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