Posts

Showing posts from June, 2023

How to Apply for Sovereign Gold Bonds Purchase through ewealth?

Image
  Sovereign Gold Bonds Purchase   Visit: https://ewa.njindiaonline.com/ewa/login   Login ID:  <you can create personalized login ID too> after you login Reset Password using “Forgot Password”, if need be Once you have logged, Transact > Public Offers > Sovereign Gold Bond” (SGB) Click on “Apply” Enter the desired quantity (in gms) under “Quantity” & click “Continue” Preferably Choose “Net Banking” if available (or) choose any other payment method, Accept Terms & Conditions & Click on “Proceed to Pay” Once the payment is completed, the purchase would have happened (Pls confirm the amount debit from your bank account - Check for per day transaction limit in your bank, if it doesn't go through).  The purchase will be reflected in the same login after 15 working days You will receive the soft copy of the bond by mail in 15 working days too. 

Sovereign Gold Bonds

Image
  Sovereign Gold bonds are issued by RBI on behalf of Govt. of India. They are issued during a certain time window periodically. Below are the features of these bonds: Advantages of investing in Sovereign Gold bonds? Demat format - no security worries / no locker charges 100% safe & guaranteed Discount of 50/- per gm (Current Issue Price: 6,213/- per gm) 100% Tax-free on maturity (8 years) Extra 2.50% p.a. as interest (payable half-yearly)  What is the tenure of these bonds? 8 years ; But there is an  exit option after 5 years.  What is the minimum & maximum amount that can be invested? Minimum:  1 gm Maximum:  4 kg per person per financial year Taxability aspects Held till Maturity: Tax-Free Exit after 5 years before maturity: Capital Gains tax @ 20% post indexation Interest payable half-yearly: Taxable as per your slab rate Final Words: If you are looking for investment in Gold as a long-term accu...