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Sovereign Gold Bonds (SGB)
The smartest hedge against inflation
Seamlessly Digital
100% digital investment journey
Higher returns
2.50% interest over and above gold’s market price
Discounted rate
INR 50/gram, Discount on online purchase
Sovereign Gold Bonds
With sovereign gold bonds, you can easily invest in gold without the hassle of storing physical gold. Don't miss out on the opportunity to safeguard your finances.
Read more...Benefits of the Sovereign Gold Bond Scheme
SGB offers added benefit over other investments in gold-related assets. The advantages attached to SGB bonds are listed below:
Benefits of the Sovereign Gold Bond Scheme
Returns
Higher than actual returns on gold in the form of annual 2.5% interest gains
Safety
High
Purity
High - Electronic Form
Capital Gains Tax
Long Term Capital Gains after 3 years. No LTCG if held until maturity
Storage Cost
NIL*
Benefits of the Sovereign Gold Bond Scheme
Returns
Lower than actual returns on gold
Safety
Low
Purity
Questionable
Capital Gains Tax
Long Term Capital Gain Tax applicable after 3 years
Storage Cost
High
Benefits of the Sovereign Gold Bond Scheme
Returns
Lower than actual returns on gold
Safety
High
Purity
High - Electronic Form
Capital Gains Tax
Long Term Capital Gain Tax applicable after 3 years
Storage Cost
Very Low
Features of Sovereign Gold Bond
Some of the features of this gold scheme are listed below:
Higher returns
Discounted rate
Sovereign guarantee
Tax benefits
Eligibility for Sovereign Gold Bond Scheme 2022-23
Individuals residing in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, trusts, HUFs, universities, and charitable institutions. Individual investors with subsequent changes in residential status from resident to non-resident can continue to hold SGB till early redemption/maturity.
Steps to buy Sovereign Gold Bond
Individual customers can invest online by following these steps:
Step 1
Log in to IDFC FIRST Bank’s Internet Banking/Mobile application
Step 2
Go to the investments section
Step 3
Select Sovereign Gold Bond
Step 4
Enter desired quantity; the amount payable will be calculated and displayed
Step 5
Confirm details and complete your purchase
Frequently asked questions
What are Sovereign Gold Bonds (SGBs)?
Sovereign Gold Bonds SGBs are government-issued bonds that allow individuals to invest in gold in a financial form without owning physical gold.