Lakshmi-Vilas-Bank Personal-NRI Premium-Banking

 

Sovereign Gold Bond

 

Now you have a superior alternative for holding physical gold, absolutely free from making charges & purity checks.

 

Invest in Sovereign Gold Bonds issued by Reserve Bank on behalf of Government of India as government securities denominated in grams of gold, eliminating the risks and costs of storage of your physical gold.

 

Assured market value of gold at the time of maturity and interest @ 2.50% per annum on the total initial investment, credited to you semi-annually.

 

Benefits

 
  • Assured redemption proceeds equivalent to the prevailing market value of grams of gold originally invested maturity
  • Tradable on Exchanges, in DEMAT form.
  • Saleable & transferable, as per provisions of Government Securities Act
  • Can be used as collateral for loans from banks, financial Institutions & Non-Banking Financial Companies
 

Key Features

  • Individuals, HUFs, Trusts, Universities, Charitable institutions are eligible to buy the bonds
  • Minors & Joint holding applications are allowed too
  • Bonds are issued in denominations of one gram of gold & its multiples
  • Minimum investment – 1 grams, Maximum - 4 Kg for individual,4 kg for HUF and 20 Kg for trusts and similar entities notified by the government from time to time per fiscal year (April - March).
  • Tenor of the bond is fixed as 8 years, with an early encashment/redemption option after 5th year on interest payment dates
 

Applications for the bond will be accepted from August 31, 2020 to September 04, 2020 at all branches of LVB. The Bonds will be issued on September 08, 2020