Sovereign Gold Bond

Product Description

Sovereign Gold Bond (SGB) is a financial product issued by the Government of India, designed to offer investors a secure and affordable way to invest in gold. The bond is denominated in grams of gold. Sovereign Gold Bond offer a fixed interest rate of 2.50% per annum, payable semi-annually, and are tradable on stock exchanges. They have a tenure of 8 years, with an option to exit after the fifth year. SGBs also provide tax benefits to investors.