Sovereign Gold Bonds to be issued from February 12-16: Invest in gold with tax benefits and interest

NEW DELHI: The Ministry of Finance announced that the next tranche of Sovereign Gold Bonds (SGBs) for 2023-24 (Series IV) is open for subscription from February 12th to 16th, 2024. These bonds offer a unique way to invest in gold while earning interest and enjoying tax benefits.

Key Points:
Issue Price: Rs 6,263 per gram (Rs 6,213 for online purchases with digital payment)

Minimum Investment: 1 gram

Maximum Investment: 4 kg

Term: 8 years with exit option after 5 years

Interest: 2.50% per annum, paid semi-annually

Tax Benefits: Interest and maturity value tax-free

Other Features:

• Can be used as collateral for loans
• Available through various channels, including banks, post offices, stock exchanges
• KYC norms apply

Why consider SGBs?
Investment in Gold: SGBs offer exposure to gold prices without needing physical storage.

Guaranteed Interest: Earn fixed interest in addition to potential gold price appreciation.
Tax Advantages: Both interest income and maturity value are tax-free.

Multiple Purchase Options: Invest through various channels for convenience.


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