Finance Comic on June 12 : SEBI & Demat Accounts
The Sovereign Gold Bond (SGB) Scheme allows resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions to invest in gold in a digital format.
These bonds are denominated in grams of gold, with a minimum investment of one gram, and have an eight-year tenure, providing an exit option after the fifth year on interest payment dates.
Investors in SGBs earn a fixed annual interest rate of 2.5 per cent, payable semi-annually, and the redemption price is linked to the prevailing market price of gold at maturity.
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