SBI lists out 6 golden causes to subscribe Sovereign Gold Bond collection III
2 min readSovereign Gold Bond Scheme 2021-22: The third tranche of Sovereign Gold Bond Scheme 2021-22 has opened for subscription at present. The challenge is priced barely greater from the earlier one however the State Bank of India (SBI) has strongly really helpful gold traders to subscribe the third tranche of Sovereign Gold Bond Scheme 2021-22. The largest Indian industrial financial institution listed out 6 golden causes to subscribe for the third tranche of Sovereign Gold Bond Scheme.
SBI knowledgeable concerning the six golden causes to purchase Sovereign Gold Bond by way of a tweet citing, “Planning to invest in Gold? Here are 6 golden reasons to invest in Sovereign Gold Bonds. SBI customers can invest in these bonds on http://onlinesbi.com under e-services.”
Those six golden causes listed out by SBI are as follows:
1] Assured return of two.5% every year payable half-yearly;
2] Secure, no storage hassles like bodily gold;
3] Liquidity: Tradable on exchanges;
4] No GST and making costs not like in bodily gold;
5] Can be used as collateral for loans; and
6] No Capital Gain Tax on redemption.
Those who intend to bid for the third tranche of Sovereign Gold Bond Scheme 2021-22, can bid for one gram of gold priced at ₹4,889 per gm in opposition to ₹4,842 per gm within the earlier challenge of Sovereign Gold Bond Scheme. Online bidders will get ₹50 low cost which means on-line bidders should pay ₹4,839 for 1 gm of gold. Interested bidders can bid for the gold bond until 4th June 2021 and the Certificate of Bond will probably be issued on eighth June 2021.
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