SBI and PNB (Punjab National Bank) is very good news for customers. If you have a plan to buy gold, then both these banks are giving you a chance to buy gold with a discount.
New Delhi: SBI and PNB (Punjab National Bank) is very good news for customers. If you also have an account in these two banks, now you can earn golden returns. If you have a plan to buy gold, then both these banks are giving you a chance to buy gold with a discount. Sbi (State Bank of India) customers can also shop online. Both banks have given information about this by tweeting.
The first sale of Sovereign Gold Bonds for FY 2021-22 has begun. It can be invested in gold bonds till 21 May. Under this, the price of gold per gram has been fixed at Rs 4,777, people who will apply for it online and pay through digital payment, they will get a discount of Rs 50 per gram.
Here’s a golden opportunity!
6 golden reasons to invest in Sovereign Gold Bonds.
SBI customers can invest in these bonds on https://t.co/YMhpMwjHKp under e-services.
Know more: https://t.co/H4BpchASeA#Gold #GoldBond #SGBWithSBI pic.twitter.com/47HiRKNHWH— State Bank of India (@TheOfficialSBI) May 17, 2021
SBI customers buy Sovereign Gold Bonds at home like this (here are the steps to invest in SGB via SBI)>> You have to login to SBI Internet Banking >> Here now you have to click on eServices. >> After this you have to go to ‘Sovereign Gold Bond’. >> Now you have to click on ‘Terms and Conditions’. Do >> Here you have to fill the registration form. >> This registration process has to be done only once. >> Now click on the submit button. >> Now how much gold do you want and fill the details of the nominee, then on the submit Click. PNB also tweeted, Punjab National Bank has written in its tweet that investors should invest in sovereign gold bonds today for good returns. You can invest in this scheme from May 17.
Invest early in life to reap better returns later.
Subscription for #SovereignGoldBond Scheme opens 17th May. pic.twitter.com/tk8maF0UH1
— Punjab National Bank (@pnbindia) May 17, 2021
SGB is an opportunity for investors to earn golden returns-
>> It is quite easy to buy
>> Safe and Secured Investment.
>> Shopping can also be done through demat form
>> Apart from this, you also get loan facility on SGB.
What is SGB?
Sovereign gold bond is a government bond. Its value is not in rupees or dollars, but in the weight of gold. If the bond is of five grams of gold, then the price of five grams of gold will be the same as the price of the bond. This bond is issued by the RBI government. Sovereign gold bonds earn interest at the rate of 2.50 per cent every year on the issue price. The maturity period of the bond is 8 years, but investors get a chance to exit after 5 years.
How much tax do you think?
After 8 years of maturity period, no tax is levied on the benefits arising from it. At the same time, if you withdraw your money after 5 years, then the long-term capital gains (LTCG) tax is levied on the profits from it.
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