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Saturday, 22 April 2017

Sovereign Gold Bond : Buy Gold with Triple Benefits

Government of India launches the 8th Tranche of Sovereign Gold Bond on the occasion on akshaya tritiya. Issue will open from 24th April 2017 to 28th April comes with three benefits as capable to earn interest, theft proof and guaranteed by GOI. This time we have 50rs discount per gram :)

Key Features :

  • SGBs are Government securities denomination in grams of gold (1 unit = 1 gram)
  • Issued by the Reserve Bank of India on behalf of the Government of India
  • Investor will earn returns linked to gold price
  • Additionally fixed interest of 2.50% p.a. Payable semi-annually on the issue price
  • Bonds will carry sovereign guarantee both on redemption amount and on the interest
  • Minimum investment: 1gram . Maximum investment: 500 grams
  • Available in DEMAT & Paper form
  • Tradable on National Stock Exchange of India Limited (NSE)
  • Tenure: 8 years with an exit option from 5th year onwards
  • Issuance through trading members of NSE

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