SGB' s: Dual Gains, Tax Benefits.!
Investors are increasingly favouring Sovereign gold Bonds (SGBs) due to the attractive proposition of dual returns. The upcoming opportunity for investors to subscribe to SGBs for the 2023-24 Series-4 will commence on february 12th and remain open for five days until february 16th, with the issuance of gold bonds scheduled for february 21st.
The maturity period for SGBs is 8 years, with an option for redemption after 5 years. These bonds, purchasable in multiples of one gram, have become a preferred choice for long-term investors, offering both financial gains and tax advantages. To subscribe to SGBs, investors have multiple avenues, including scheduled commercial banks, post offices, the Stock Holding Corporation of india, Clearing Corporation of india, and stock exchanges such as BSE and NSE. The popularity of SGBs underscores their appeal in the investment landscape.