The public shows a keen interest in buying Gold Bonds which offer higher earnings!
Posted on: 15/Nov/2022 3:32:14 PM
The Central Government has launched a scheme `Digital Gold` for electronic gold and has been encouraging the public to invest in this scheme!
One such Gold Bond is the `Sovereign Gold Bond`!
Sovereign Gold Bonds are released by the Reserve Bank of India!
Those who bought this had earned up to 80% profit in the last 5 years1
As such, there has been a huge enthusiasm among the citizens to buy these Digital Gold Bonds!
In this regard, Reserve Bank of India officials shared how to buy these `Sovereign Gold Bonds and their beneficial features:
"A maximum of up to 4 kg can be bought.
These Gold Bonds, released by the Central Government can be bought as 1, 5, 10, 50, and 100 rams.
In a single financial year, a citizen can buy up to 4 kg of gold.
These Gold Bonds can be bought through Bank Savings Account, PAN Number, and Aadhar card number.
It can be bought in paper form or even in electronic form ONLINE! For buying in the electronic form, one needs to have a Demat account,
These bonds are sold through Banks, Post Offices, and Stock Markets as well!
As it is listed on the Stock Exchange, it can be sold at any time through the DeMat account!
In this scheme, once the investment matures, it WILL NOT BE RETURNED AS GOLD BUT AS MONEY! Using this, the beneficiary can purchase the gold or jewellery as required!
Generally, when buying gold jewellery through savings, making charges, damages, etc., will be collected! However, as it is bought as a gold bond, these losses are prevented!
As it is in bond-paper format and not in the jewellery form, there is no risk of theft as well! No lockers and associated expenses for this!
Apart from the profit earned due to the increase in the gold price, an annual interest at the rate of 2.5% is also paid!
As this is a central government scheme, this is 100% guaranteed!
Moreover, this bond can be changed from one person`s name to another person`s name!
The maturity period for this bond is 8 years. However, there is a facility to give the bond back after 5 years and take the investment back!
In the year 2016, a Bond was sold at Rs. 2600/-. Presently, it is under a profit of more than 80%!
IT MAY BE NOTED THAT THIS BOND IS RELEASED BY THE RESERVE BANK OF INDIA ONLY A FEW TIMES IN A YEAR!
THIS IS THE MOST IDEAL SCHEME FR INVESTING IN GOLD!"
