SOVEREIGN GOLD BOND 2016-17
Hereâ€™s an opportunity thatâ€™s too good to miss. Invest in gold the convenient way with the Sovereign Gold Bond scheme launched by the Government of India. The fifth round of the scheme is now ready for you. Subscription has opened on September 1 and closes on September 9th, 2016. With the global outlook on gold prices looking positive, itâ€™s an opportunity for golden returns.
Invest in gold at Rs. 3,150 per gm (min - 1 gm, max - 500 gms);
On maturity, you get the equivalent rupee value of the quantum of gold invested at the then prevailing price of gold
Additional interest is also payable (2.75% p.a., paid half-yearly)
No recurring expenses or management fees
Lock-in period is between 5 to 8 years
The bonds are available in both paper and demat form
The bonds can be subscribed by individuals or corporates resident in India
Individuals are exempt from capital gains taxes on redemption
You can subscribe to the Gold Bond Scheme at your nearest CSB Branch or SMS RETAIL to 54242 or call 1800 266 9090 to know more.