Sovereign Gold Bond
Will I receive any physical gold?
All the physical gold is stored with RBI. You will get SGB units representing physical gold inside your Demat Account or in form of Physical or electronic certificate.
What are the minimum and maximum limits of investment??
One can buy as low as 1 gram of Gold till as far as 4 KG’s of gold through one Pan Card.
Can a minor invest in SGB??
Yes, but the application must be signed by guardian on behalf of Minor.
What do I have to do after my SGB has matured?
You dont have to do anyting. Your units will automatically be redemeed and the total redemption amount will be credited into the registered bank account.
Is the fixed interest of 2.5% taxable?
Yes, any amount gained by the fixed 2.5& interest offered by SGB is taxable as per the individual’s tax slab.
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