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).
  • Price of bond fixed as Rs.3,326/- (basis simple average price for gold of 999 purity published by the India Bullion and Jewellers Association Ltd. (IBJA) & disseminated by the Reserve Bank of India)
  • 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 Februrary 04, 2019 to February 08, 2019 at all branches of LVB. The Bonds will be issued on February 12, 2019