Sovereign Gold Bond : If you like to invest in gold then Sovereign Gold Bond is a great medium. In this, the investor gets a chance to buy up to 1 gram of gold. There is no hassle of keeping it in the locker. RBI has fixed the rate for gold bonds with pre-mature redemption on 20 November 2023. This will be Rs 6076 per gram. Let us tell you that the investor gets 20% interest in 8 years and the capital gain is completely tax free.
Premature redemption can be done after 5 years
The Reserve Bank of India (RBI) on Friday said that premature withdrawal of Sovereign Gold Bond (SGB) due on November 20 i.e. Pre mature The price will be Rs 6,076 per unit.
“The pre-mature price on November 20, 2022 will be Rs 6,076 per unit SGB, based on the simple average of closing gold prices for three business days – November 15, 16 and 17, 2023.”
What is Sovereign Gold Bond?
Sovereign Gold Bond These are government securities denominated in grams of gold. They are alternatives to holding physical gold. This bond is issued by RBI on behalf of the Government of India.
As per the government notification on SGBs issued on January 14, 2016, on the date of interest becoming payable after the fifth year from the date of issue of such gold bonds Redemption may be allowed.
According to the press note issued by RBI, according to the notification issued by the Government of India on 6 October 2017, if an investor invests in Sovereign Gold Bond, then after completion of 5 years, he can do pre-mature redemption. . By the way, this gold bond matures in 8 years. According to the rules, premature redemption of SGB can be done after 5 years from the date on which it is issued. The date will be determined on the basis of the date from which interest is payable.
There will be premature redemption in SGB 2017-18 Series VIII Series.
The Reserve Bank said that the redemption date for the eighth series of Sovereign Gold Bond (SGB 2017-18 Series VIII) in the financial year 2017-18 is starting from November 20. The price for this has been fixed at Rs 6076 per gram. This price is the average of the closing prices of the last three days.