Let us tell you that these bonds are for a period of eight years. Meaning maturity occurs in a period of eight years. However, exit options are available in the 5th, 6th and 7th years.
Dhanteras 2023: Next week is the festival of Dhanteras. Buying gold on this occasion is considered auspicious. Actually, most of the people buy physical gold on this day. However, demand for digital gold has also increased in the last few years. You can also earn interest from the government by investing in gold digitally. For this, gold can be purchased through exchange-traded fund (ETF) or Sovereign Gold Bond (SGB) etc. Today we will tell you about Sovereign Gold Bond. On investment in this scheme, you will not only get security and purity of gold but interest will also be given by the government.
Sovereign Gold Bond
Actually, the Central Government had launched the Sovereign Gold Bond Scheme in 2015. This gold is an investment, on which interest is earned. From time to time the Central Government gives an opportunity to the common people to invest in this scheme. Under this, you can buy gold from one gram to 4 kg. Its price is decided by the Reserve Bank. Generally the price of this gold is cheaper than the general market. If payment is made through digital mode then a discount of Rs 50 per gram is also available. This gold can be purchased from banks, post offices, recognized stock exchanges like Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), NSE and BSE.
Interest: These bonds are for a period of eight years. Meaning maturity occurs in a period of eight years. However, exit options are available in the 5th, 6th and 7th years. The government has fixed 2.50 percent annual interest on investment. Interest is paid at half-yearly intervals.
