Sovereign Gold Bonds - SGBs

 

 





1 SGBs will be issued by Reserve Bank of India on behalf of the Government of India as an alternative to purchasing metal gold.

2 The SGBs will be restricted for sale to resident Indian entities including individuals, HUFs, trusts, universities and charitable institutions.

3 SGBs will offer an interest rate of 2.75% p.a. The interest will be payable semiannually on the initial value of investment and shall be taxable.

4 The minimum permissible bond should be worth 2 grams of gold, and the maximum can be 500 grams per person per fiscal year.

5 The tenor of the SGBs will be for a period of eight years with an exit option from the fifth year to be exercised on the interest payment dates.

6 The bonds will be also tradable on exchanges. Capital gains tax shall be levied as in case of physical gold.

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