Sovereign Gold Bonds (SGBs) are like special government savings that come in grams of gold. They’re a secure way to invest in gold without needing to keep gold bars or coins.
When you invest in them, you can earn a 2.5% interest rate plus benefit from any increase in the gold price. Plus, there are tax advantages if you hold onto them until they reach maturity.”
Benefits of Sovereign Gold Bonds (SGBs)
SGBs offer a safe way to invest in gold without needing to store physical gold. Here are the advantages of SGBs:
✨ Dual Returns: Gold price appreciation + 2.5% interest.
✨ Less Risk, More Security: Backed by RBI and GOI.
✨ Tax-Friendly: Redeem tax-free on maturity.
✨ Zero expenses: Zero GST, zero brokerage.
✨ Exclusive Discount: Get ₹50 off/g on Using the broker links given below.
What’s the Interest Rate for SGBs?
SGBs offer a fixed interest rate of 2.50% per year on the money you initially invest. This interest will be added to your bank account twice a year, and the last interest payment will be made when the investment reaches maturity, along with the original amount you invested.
How will the SGB Interest be paid?
The interest will be added to your bank account every six months. When your investment matures, you’ll get the final interest payment along with the original amount you invested.”
SGBs Investment Limit
SGBs are issued in denominations of one gram of gold and in multiples thereof. Minimum investment shall be one gram with a maximum order amount of ₹1 Crore.
How to Invest in Sovereign Gold Bonds (SGBs) 2023-24
To invest in SGBs from through our recommended broker, follow these steps:
1. Login to the Upstox web platform – Link
2. Click on ‘SGB’ from the top bar
3. Go through the details of the SGB and click on ‘Apply
4. Select the number of units you wish to purchase and review your order
5. Select a payment mode and complete the payment process
6. Done! Your order has been placed
This is how you can simply Invest in Sovereign Gold Bonds (SGBs) 2023-24. If you still face any problem or have any question, then please ask us in the comments section below and we will be happy to assist you.
