Sovereign Gold Bond - All you want to know.
Sovereign gold bond are issued by RBI. SGB are denominated in grams of gold. They are substitute for holding physical gold.
Unit size 1 Gram
Tenure 8 years
Maximum buy - 4 KG in fiscal year
Rate of interest-2..5% on amount invested annually over and above appreciation of price.
Where to get application form-Issuing bank, post office and RBI web site.
Premature resumption allowed - Yes
What KYC requires Pan card no
Whether joint holding is allowed-yes
Can a minor invest in SGB-Yes
Is TDS applicable on bond-No
Capital gains at maturity if any is tax free.
Passage is just for info purpose please read documents before investing.