The Reserve Bank of India (RBI) has started the second phase of the Sovereign Gold Bond Scheme (SBG Scheme) from September 11, 2023.

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The scheme allows investors to buy gold at a discounted rate.

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Under the scheme, RBI has fixed the price of gold at Rs. 5,923 per gram for offline purchases.

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Investors who buy SBG online will get an additional discount of Rs. 50 per gram, bringing the price down to Rs. 5,873 per gram.

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SBG investors will earn a fixed interest rate of 2.5% per annum.

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The bonds have a maturity period of 8 years.

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Investors can exit the bonds after 5 years, but they will not earn any interest for the remaining period.

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SBGs can be purchased offline from commercial banks, some designated post offices, NSE, BSE, and Clearing Corporation of India Limited (CCIL).

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The minimum investment amount for SBGs is Rs. 500.

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SBGs are a good investment option for investors who want to diversify their portfolio and invest in gold without having to physically store the metal.

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