• Sun. Oct 17th, 2021

Investment in Sovereign Gold Bonds online now offers a discount of Rs 50 per gram

Jan 17, 2019

Invest Online at a special discount of ₹50 per gram
Dear Customer,

Greetings from ICICI Bank.

Now invest in Sovereign Gold Bonds launched by the Government of India and earn interest rate of 2.50% p.a. on your initial investment.

Why are SGBs better than buying physical gold or investing in gold ETFs?
Important details of Sovereign Gold Bonds:
Offer Period January 14 to January 18, 2019. These bonds will be issued on January 22, 2019.
Issue Price ₹3,164 per gram of gold on online purchase and ₹3,214 per gram of gold on offline purchase.
Maturity 8 years with exit option from 5 th year to be exercised on interest payment dates. These bonds will be eligible for trading from the date as notified by the RBI.
Subscription Limits for Individuals Minimum 1 gram of gold, maximum 4 kg of gold per person in a fiscal year (April – March). Available in units of 1 gram of gold & multiples thereof.
Subscription Limits for Trusts and Other Institutions Minimum 1 gram of gold, maximum 20 kg of gold per institution in a fiscal year (April – March). Available in units of 1 gram of gold and multiples thereof.
Taxation Interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
For more details, contact Privilege Banker at your nearest
ICICI Bank branch
Looking forward to more opportunities to be of service to you.

Rohit Poddar
Head – Privilege Banking

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