Sovereign Gold Bonds

Product Description

Sovereign Gold Bonds (SGB) are government-issued securities that are held in lieu of real gold and carry the same rate of interest. The Reserve Bank of India issues SGB on behalf of the Government of India and they are a valuable asset that promises long-term wealth creation and returns. The first step is applying to an open series. It’s important to note that the maximum quantity to be purchased in a financial year is 4kg and the rate of interest is fixed at 2.5% per annum. These bonds can be held in a demat account and can be redeemed anytime after five years in the total eight-year investment period.

When it comes to SGB, Eureka Stock and Share Broking Services Ltd. can give you end-to-end support, from tracking open series to exchange or sale. Our team is adept at taking care of the details so that you gain the most from your SGB trading.

Types of Sovereign Gold Bonds

Reputed stock exchanges such as NSE, BSE, and SHCIL

Commercial Banks

Designated Post Offices

About Sovereign Gold Bonds

Benefits of Eureka Sovereign Gold Bonds

Secure holding in a safe demat account

Process management from step one

Monitoring of market fluctuations

Advice on trading timeline

Highest Qualification

Work Experience (no. of years)

Highest Qualification

Work Experience (no. of years)

Ramesh Kumar Somani

Managing Director

A Commerce graduate from St Xavier’s College, Kolkata, with a capital market exposure of 40 years, Ramesh Kumar Somani commands great respect for his administrative skills and leadership capabilities. He has been instrumental in transcending and transforming the group into a well-diversified financial services company.

Rajesh Kumar Somani

Chief Executive Officer

Responsible for the day-to-day operations in relation to risk management, surveillance, and internal control, Rajesh Kumar Somani is actively involved in broadening the Branch and Sub Broker network. Helping clients to sail smoothly through the market volatility is his forte and he assumes a vital role in building and developing strong customer relationships.

Rakesh Somani

Wholetime Director

A Commerce graduate from St Xavier’s College, Kolkata, Chartered Accountant, Cost Accountant and DBF (ICFAI) with over 24 years of experience, Rakesh Somani provides dynamism and professionalism to the whole group. He was the President of Associations of National Exchanges Members of India (ANMI), Chairman of Asian Forum for Investor Education (AFIE), and member of the Trading Advisory Committee of Bombay Stock Exchange (BSE). He spearheads the DP vertical of the Company and is responsible for Regulatory Compliances and Controlling Finance. He oversees Institutional Business and is responsible for the development and growth of Institutional Clients.

Anurag Somani

Executive Director

He is a Rank Holder Company Secretary, Chartered Accountant, and commerce graduate from St. Xaviers College, Kolkata. He is the Executive Director of Eureka Stock & Share Broking Services Ltd, with over 12 years of experience in Capital Markets, Bond Markets, and Distribution of various financial products such as Mutual Funds, NPS, Bonds, PMS, Insurance, etc.

He started his career as a Tax Consultant in KPMG, Hyderabad, and thereafter joined Eureka as a Business Analyst. Now he is spearheading Eureka group’s efforts to expand its operations in the Financial Products domain.

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