Sovereign Gold Bond 2024: The Sovereign Gold Bond scheme is being launched afresh in February. Don’t miss this opportunity to buy cheap gold.
Sovereign Gold Bond Scheme February 2024: If you are thinking of buying gold, gold is the best government scheme for investors, by investing in which you can earn huge profits. The new tranche of the Sovereign Gold Bond Scheme (SGB Scheme) of the Reserve Bank of India is starting. The next week of Sovereign Gold Bond Scheme is starting in February 2024.
Opportunity to buy cheap gold!
The fourth installment of the Sovereign Gold Scheme of the Reserve Bank of India will be released in February. So in the month of February you have a golden opportunity to invest in Gold Bond Scheme.
Investment for the fourth tranche of the Sovereign Gold Bond Scheme will begin and investors can invest from February 12. The fourth week of the Sovereign Gold Bond Scheme will run from 12 February to 16 February 2024.
Who can invest in Sovereign Gold Bond Scheme?
The Sovereign Gold Bond Scheme is run by the Reserve Bank of India, so it is a government scheme with guaranteed security. Under this scheme, you can buy minimum 1 gram and maximum 4 kg gold in a year. Whereas trusts and institutions can buy 20 kg of gold in a year.
Special features of Sovereign Gold Bond Scheme
If you invest online in the Sovereign Gold Bond Scheme, you get an additional discount of Rs 50 per gram on the price of gold. Under the Sovereign Gold Bond Scheme, you can invest in gold for a total of eight years.
The important thing is that you can exit this plan after five years, you also have this option. In November 2015, the Central Government first launched the Sovereign Gold Bond Scheme. By investing in Sovereign Gold Bond (SGB), you also get the benefit of interest rate of 2.50 percent per annum. This interest rate is half yearly based.
How to buy gold in Sovereign Gold Bond Scheme?
To buy gold in the fourth series of the scheme, you can approach Stock Holding Corporation of India Limited (SHCIL), NSE, BSE affiliated stock exchanges, post offices and commercial banks. KYC is necessary to buy gold under SGB. Along with this, it is also necessary to have PAN card.
