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.
Because of the possibility of a new wave of the Covid epidemic, the Central Government has taken
The single-screen and multiplex business in the country was severely affected due to the phased l
About 1,100 mild earthquakes have been felt in less than 48 hours on one of Portugal's mid-Atlant
After the snowfall in the mountains, now the cold has started increasing in the plains. In many s
Now only a few hours are left for the launch of India's first Sun mission Aditya L1. Aditya L1 wi
India’s foreign exchange landscape is set for a major boost after the Reserve Bank of India
Former Indian captain and BCCI president Sourav Ganguly expressed surprise at Pakistan's decision
BJP's allied organizations in America under investigation: action under FARA law in lobbying case
His Indian-origin sympathizers working for the BJP in America have come under the scanner of Amer
Junagadh Dargah Violence There was a lot of ruckus last night in Junagadh, Gujarat over the remov
The world's largest religious-cultural gathering Maha Kumbh 2025 has started in Prayagraj from Mo
