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.