Understanding sovereign gold bonds
The Sovereign Gold Bonds scheme presents a golden opportunity for those looking to invest in gold without the physical possession's risks and costs. As a government security denominated in gold, it allows investors to earn regular interest and benefit from gold's price appreciation. Upon maturity, you receive the current market value of the gold, safeguarding your investment against price fluctuations. Moreover, the SGB scheme eliminates the concerns of purity and making charges associated with physical gold. Offered by the Government of India and tradable on exchanges, SGBs represent a safe, cost-effective, and convenient method of gold investment, making it an attractive alternative for securing your financial future with the sheen of gold.Read more
Things you need to know
SGBs allow investments starting from one gram, with a maximum limit of 4 kg for individuals and HUFs, and 20 kg for trusts per fiscal year
SGBs offer a fixed interest rate paid every six months, enhancing the investment's value alongside potential gold price increases
SGB pricing is linked to the current market rate of gold, ensuring investors receive transparent and fair pricing
Why invest in SGB
Hassle-free
Ownership of gold without any physical possession(No risks and no cost of storage)
Tradable
Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI
Use as collateral
Avail loans from banks against the security of these bonds
Eligibility criteria
The minimum investment that can be made in this bond is 1 gram. Each individual or HUF can hold a maximum of 4 kgs every year in such bonds. For trusts, charitable institutions, the maximum limit is 20 kgs
How to get started
Step 1
App Login
Launch the KBL Mobile Plus App and log in using your MPIN
Step 2
Apply for Sovereign Gold Bond
Go to "Investment and Insurance," select "Sovereign Gold Bond," and proceed after agreeing to the Terms and Conditions.
Step 3
Your requirements
Enter the number of units required in “Quantity in Grams”
Step 4
Enter your details and submit
Enter the nominee details, confirm the details in the next page Enter OTP and submit
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