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Sovereign Gold Bonds – Issue Price Rs.2957/- per gram


Posted on 28-Oct-2016 Comments  0

Security symbol

SGB201606

Series

GB

Price

Rs. 2957/-

Issue Start Date

24-Oct-16

Issue Close Date

02-Nov-16

Bidding Session Time

09.00 A.M. to 5.00 P.M

Minimum Bid Quantity

1 (gram)

Maximum Bid Quantity

500 (grams)


Sovereign Gold Bonds Scheme –Features


1.SGBs are Government securities denominated in grams of gold(1 unit = 1 gram)

2.Issued by the Reserve Bank of India on behalf of the Government of India

3.Investors will earn returns linked to gold price

4.Additionally fixed interest of 2.50% p.a. payable semi-annually on the amount of initial      investment

5.Bonds will carry sovereign guarantee both on redemption amount and on the interest

6.Minimum investment: 1 gram • Maximum investment: 500 grams

7.Available in DEMAT & Paper form

8.Tradable on National Stock Exchange of India Limited(NSE)Tenure: 8 years with an 

   exit option from 5th year onwards


ADVANTAGES OF INVESTING IN SOVEREIGN GOLD BONDS


1.Safest: Zero risk of handling physical gold

2.Earn Interest:2.50% assured interest per annum on the initial investment

3.Tax Benefits: No TDS applicable on interest Indexation benefit if bond is transferred       before maturity

4.Sovereign Guarantee: Both on redemption amount and on the interest

5.Easy Exit Option: The tenure of the bond is for 8 years with an option to redeem from 

   5th year onwards on the date on which interest is payable.

6.Ease of Borrowing Loan: Can be used as collateral for loans

7.Traded on Exchange: Tranche 1 trading commenced from June 13, 2016 onwards

 

How to apply for this issue: Its simple, check below the options

 

Option1:Logon to www.tradeplusonline.com and place an order online.Click here to know how.

 

Option 2:Call our support desk @ 04428214171 (9 am to 6 pm on working days) and place an order

 

Option 3:Email support@tradeplusonline.com your Order

 

Option 4:Contact your Relationship Manager if you are mapped to a RM

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