Sovereign Gold: There is competition for this scheme of the government, you will get tremendous benefits

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Newz Fast, New Delhi: Government will invest your money in gold. You will also get interest on this on an annual basis. Let us know about this scheme, keep these things in mind before investing.

If you are planning to invest in gold, then the central government has once again brought gold bonds. Under this scheme you can buy gold at cheap rate.

However, here you will not find physical gold i.e. any jewellery, biscuits or coins. The government will invest your money in gold. You will also get interest on this on an annual basis. Let us know about this scheme, keep these things in mind before investing.

1. The central government buys these bonds through the RBI.
2. You can buy these bonds through banks, some post offices and recognized stock exchanges like NSE and BSE.
3. At least 1 gram can be purchased. You will be able to buy gold in multiplication of 1 gram.

4. These bonds will be issued for a period of 8 years, in which you can exit after 5 years.
5. A person can buy maximum 4 kg of gold bonds in a year. At the same time, trusts, societies and joint Hindu families (HUFs) can buy a maximum of 20 kg of gold in a year.

6. If you buy gold online, then RBI will also give you a special discount of Rs 50.
7. This scheme was brought by the Central Government in November 2015 with the aim of reducing the demand for gold. Its purpose was that the government did not have to import gold.

8. In this scheme, the rate of gold is calculated in this way. What is the rate of gold for the last 3 working days of the week. The price of the gold bond is determined by taking its average.

9. The most attractive thing about this scheme is that an interest of 2.5 percent is also available on an annual basis.

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