Friday, April 16, 2021

Cash bonds coming up for issue .. Golden Chance till March 5 ..

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Sovereign Gold: Sovereign Gold Bond Scheme will come into issue from Monday (March 1). Subscription will not be available until March 5th. This financial ..

Sovereign Gold Bond Scheme: The Sovereign Gold Bond Scheme will come into issue from Monday (March 1). Subscription will not be available until March 5th. This will be the last series of this financial year. The Pacedi bond sales close on March 5, 2021.

This is the last series of this financial year. These Gold Bond sales close on March 5, 2021. The Reserve Bank of India has also fixed the price for this series. The price of a gram of Sovereign Gold Bond has been fixed at Rs 4,662. It also offers a Rs 50 discount for those who buy online.

That means buy a gram of gold at Rs 4,612. RBI fixes the price of Sovereign Gold Bond by averaging the fixed price of 999 purity gold of India Bullion and Jewelers Association for the last three days each time. That is, it fixed the average gold price between February 24 and 26 at Rs 4,662 per gram. Gold Bonds buyers in the series will be settled on March 9, 2021. This is a good opportunity for those who want to invest in gold without buying gold physically.

What are Sovereign Sovereign Bonds?

Sovereign cash bonds (SGB) are similar to government bonds. These are issued by the RBI on behalf of the government. S GB should also be taken in grams.

2.5% return ..

RGB introduced SGBs in 2015 to divert savings on gold domestically. Experts say it is a good alternative to buying physical gold. These can avoid the risk of physically hiding the gold. It also earns 2.5 per cent annually. Interest is paid through bank accounts once every six months. Physically making jewelry does not have the hassle of making charges, purity, depreciation.

Maturity period ..

These bonds have a maturity of eight years. It is possible to withdraw the investment after five years. The then price is determined according to the withdrawal of the investment or the price of gold during the maturity period.

An individual can invest at least 1 gram to 4 kg. Hindu Undivided Institutions also has a limit of 4 kg. Trusts have a maximum limit of 20 kg. This limit applies to one fiscal year. That is .. All issues in a financial year together can be purchased up to this level. It also covers those purchased from the secondary market.

Read also: Rahul Aluperugani difficult, behind .. backsliding of party seniors, Versailles, split in Congress during five state elections

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