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The RBI has announced a premature redemption plan for Sovereign Gold Bonds (SGBs) purchased before March 2020. Eligible bonds from Series I of 2017-18 to Series X of 2019-20 can be redeemed between September 14, 2024, and March 7, 2025, after five ye

RBI Opens Early Exit Window For Sovereign Gold Bonds: Here's What You Need to Know

The RBI has announced a premature redemption plan for Sovereign Gold Bonds (SGBs) purchased before March 2020. Eligible bonds from Series I of 2017-18 to Series X of 2019-20 can be redeemed between September 14, 2024, and March 7, 2025, after five years.

Are you one of the savvy investors who got in on the Sovereign Gold Bonds scheme? If so, here&rsquo;s some news that might catch your interest!
The Reserve Bank of India has just announced a premature redemption plan, giving you an opportunity to withdraw your investments sooner than you might have planned.
The RBI has recently issued a press release allowing for the premature redemption of SGBs purchased before March 2020. If you're wondering whether you are eligible, well, let&rsquo;s dive into the details.
If you&rsquo;re holding onto bonds from Series I of 2017-18 through Series X of 2019-2020, you&rsquo;re eligible!
The redemption window opens on October 1st, 2024, and runs through March 31st, 2025. This is your chance to exit your investment without waiting the full eight years for maturity.
Not Mandatory, But an Option. Now, it&rsquo;s crucial to understand that this redemption option is just that&mdash;an option, not a mandate.
The first SGB series launched by the RBI had delivered a staggering 128.5% absolute return to investors on maturity! With that kind of performance, some of you might be thinking it&rsquo;s a good time to lock in profits.
What You Need to Know Before you rush to redeem, remember that SGBs offer more than just a potential price appreciation.
They also provide an annual interest rate of 2.5% on the invested gold. If you hold till maturity, you not only get the accumulated interest but also the market price of gold at the time of maturity.
So, if you&rsquo;re holding SGBs from the eligible series and are contemplating whether to stay or cash out, weigh your options carefully.
The RBI&rsquo;s premature redemption plan offers flexibility, but whether it&rsquo;s the right move for you depends on your financial goals.
Let us know in the comments&mdash;are you planning to redeem your SGBs early, or will you hold on for the long haul? Don&rsquo;t forget to like, share, and subscribe for more financial insights!

The issue price of Rs. 5,926 per gram was determined based on the average closing price of 999 purity gold over the preceding three working days

Sovereign Gold Bond Scheme 2023-24 Series 1 is now open: Key things you should know

Sovereign Gold Bond Scheme 2023-24: SBI lists out reasons to invest 

The issue price of Rs. 5,926 per gram was determined based on the average closing price of 999 purity gold over the preceding three working days

For those who are looking to include gold in their portfolio as a hedge against inflation and to diversify, Sovereign Gold Bonds is an option worth exploring.&nbsp;
The first tranche of Sovereign Gold Bond Scheme 2023-24, is open for subscription from June 19 to June 23.&nbsp;
The issue price for this series is Rs 5,926 per bond. There is a Rs 50 discount per gram for investors applying and paying using digital modes, for which the issue price will be Rs 5,876.&nbsp;&nbsp; The issue price of Rs. 5,926 per gram was determined based on the average closing price of 999 purity gold over the preceding three working days. State Bank of India has listed out a slew of reasons to invest in SGBs.&nbsp;
1) Storage hassle-free Unlike physical gold, there is no issue of storage when it comes to investing in SGBs, hence they are more secure.
2) Assured returns of 2.5% p.a. The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually
3) No GST and making charges No goods and services tax (GST) is levied on sovereign gold bonds, unlike gold coins and bars. When you buy digital gold, you need to pay 3% of GST just like in the case of buying physical gold. Also, there are no making charges on SGBs
4) No Capital Gain Tax on redemption The government launched the Sovereign Gold Bond Scheme in November 2015 under Gold Monetisation Scheme. Under the scheme, RBI makes the issues open for subscription in tranches.
5) Liquidity Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.
6) Can be used as collaterals for loans Sovereign gold bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to the ordinary gold loan mandated by the Reserve Bank of India (RBI) from time to time. The lien on the bond shall be marked in the depository by the authorised banks. About Sovereign Gold Bonds
SGBs were introduced in 2015, as part of the gold monetization scheme. It is essentially a substitute to holding physical gold. SGBs are government securities which are denominated in grams of gold. So, each unit is equal to one gram of gold.
SGBs have a maturity period of eight years, with the option for early redemption after the fifth year. The redemption price upon maturity or early redemption is calculated based on the average closing price of gold with a 999-purity over the preceding three working days, the India Bullion and Jewellers Association Limited (IBJA) reported. The second tranche will run from September 11th to September 15th 2023.

Sovereign Gold Bond Scheme is open for subscription between March 6th and 10th. Experts recommend having atleast 5%-10% of allocation towards gold as a hedge against inflation and to diversify one's portfolio. 

Sovereign Gold Bond Scheme is now open: Here's all you need to know 

Sovereign Gold Bond Scheme is open for subscription between March 6th and 10th. Experts recommend having atleast 5%-10% of allocation towards gold as a hedge against inflation and to diversify one's portfolio.&nbsp;

For those who are looking to include gold in their portfolio, Sovereign Gold Bonds could be a good addition. The scheme is now open for subscription.&nbsp;
SGBs were introduced in 2015, as part of the gold monetization scheme. It is essentially a substitute to holding physical gold. SGBs are government securities which are denominated in grams of gold. So, each unit is equal to one gram of gold.&nbsp;
The Sovereign Gold Bond Scheme 2022-23 &ndash; Series IV, will be open for subscription from March 6th to March 10th. The issue price has been fixed at Rs 5,611 per gram of gold, which is over Rs 200 more than the December issue price, which was Rs 5,409. However, for investors who apply online and pay digitally, there is a discount of Rs 50 per gram. Post discount, the issue price would be Rs 5,561 per gram.&nbsp; Here are some important points to keep in mind while investing in SGBs:&nbsp;
<ol>
<li>The minimum investment for the scheme is 1 gram while the maximum investment is 4 kgs for individuals per financial year.&nbsp;</li>
<li>The interest rates on SGBs is 2.5% per annum&nbsp;</li>
<li>Interest is credited on a semi-annual basis.&nbsp;</li>
<li>SGBs are sold through designated post offices, stock exchanges, as well as banks. They can also be purchased online at a discount of Rs 50 per gram.&nbsp;</li>
<li>The tenor of these gold bonds are 8 years, however, investors can make a premature redemption after the 5th year on the date when interest is payable.&nbsp;</li>
</ol>
There are a several benefits of investing in SGBs. Let&rsquo;s take a look at some of them.&nbsp;
<ol>
<li>Interest rate of 2.5% per annum is over and above the benefit of a rise in gold prices.</li>
<li>Even if gold prices fall, investors get the 2.5% interest, which physical gold doesn&rsquo;t give.&nbsp;</li>
<li>SGBs can be transferred, used as a collateral for loans and even traded on stock exchanges if they are in demat form.&nbsp;</li>
<li>SGBs are tax-free, unlike physical gold where GST is levied on purchasing.&nbsp;</li>
<li>On maturity, no capital gains tax is levied.&nbsp;</li>
<li>SGBs are guaranteed by the govt, hence the risks are very low.&nbsp;</li>
<li>SGB is like holding physical gold, without the hassle or risk of storage.&nbsp;</li>
</ol>
While there are a lot of benefits of investing in SGBs, there are some downsides too.&nbsp;
<ol>
<li>The long lock-in period of an SGB might be a deterrent for some investors.&nbsp;</li>
<li>If you redeem early, capital gains will be applicable.&nbsp;</li>
<li>There is always the risk of a fall in gold prices, but that is the case with physical gold as well.&nbsp;</li>
<li>The interest earned on SGBs is fully taxable.&nbsp;</li>
<li>Although SGBs are tradable on the exchanges (post 6 months of being issued), secondary market trading volumes are usually quite thin. &nbsp; &nbsp; &nbsp;</li>
</ol>
Experts recommend having atleast 5%-10% of allocation towards gold, as it provides a good hedge against inflation.&nbsp;
"SGBs are one of the best replacements for physical gold. It works best for individuals who are preparing for a future events like their children&rsquo;s weddings. Along with the MTM price, one can also earn interest at 2.50% per annum on the initial investment. For those who choose to incorporate gold in the portfolio, one should keep in mind that it should not exceed more than 10% of the portfolios", says Feroze Azeez, Deputy CEO, Anand Rathi Wealth.&nbsp;
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Sovereign Gold Bond Scheme: Subscription for the Sovereign Gold Bond Scheme by the Reserve Bank of India is open for five days from January 10 to January 14

 Sovereign Gold Bond Scheme 2021-2022 opens: Here is all you need to know including how to get a discount on gold

Here is all you need to know including how to get a discount on gold. According to the RBI, an issue price of ₹ 4,786 per unit, equivalent to the value of one gram of gold is applicable. 

 Sovereign Bond Scheme opens

According to the RBI, an issue price of ₹ 4,786 per unit, equivalent to the value of one gram of gold is applicable.&nbsp;

Sovereign Gold Bond Scheme: Subscription for the Sovereign Gold Bond Scheme by the <a href="https://www.editorji.com/business-news/economy/rbi-policy-preview-are-you-ready-for-rate-hikes-1638776751781" target="_blank">Reserve Bank of India(RBI)</a> is open for five days from January 10 to January 14.
<h3>What is the price?</h3>
Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram for the previous tranche.
<h3>Cheaper if you apply digitally</h3>
There is a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode.&nbsp;For such investors the issue price of Gold Bond will be Rs 4,736 per gram of gold.
<h3>Who and how much can you invest?</h3>
Minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kg for individual, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March).
Also watch:&nbsp;<a href="https://www.editorji.com/business-news/budget/budget-2022-election-commission-says-election-schedule-not-to-effect-union-budget-1641783898417" target="_blank">Budget 2022: Election Commission says election schedule not to effect Union Budget</a>
<h3>How can you invest?</h3>
The <a href="https://www.editorji.com/business-news/personal-finance/sovereign-bond-scheme-opens-here-is-all-you-need-to-know-including-how-to-get-a-discount-on-gold-1641788772753" target="_blank">sovereign gold bonds</a>&nbsp;are sold through banks, designated post offices, recognised stock exchanges -&nbsp;Bombay Stock Exchange (BSE)&nbsp;and National Stock Exchange (NSE), and the Stock Holding Corporation of India Limited. Gold bonds are held in demat&nbsp;form.
<h3>Is there an exit option?</h3>
The tenor of the Bond will be for a period of 8 years with exit option after the 5th year to be exercised on the next interest payment dates.
<a href="https://www.editorji.com/business-news/personal-finance/pm-modi-launches-new-rbi-schemes-aimed-at-retail-investment-and-addressing-grievances-1636696069639" target="_blank">PM Modi launches new RBI schemes aimed at retail investment and addressing grievances</a> &nbsp;

sovereign gold bond scheme

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