Sovereign Gold Bond Scheme 2020-21. Investment In Gold With Regular Interest Income

Sovereign Gold Bond Scheme 2020-21. Investment In Gold With Regular Interest Income

SOVEREIGN GOLD BOND SCHEME 2020-21. INVESTMENT IN GOLD WITH REGULAR INTEREST INCOME

  • Series III available between June 08 to 12, 2020.
  • Available in the multiples of 1 gms each.
  • Interest rate: 2.5% p.a., paid semi-annually.
  • Tenure: 8 years. (Early withdrawal allowed at 5 years).

can also be sold on the stock exchange at any time.
Taxation:
➡️   Interest on these bonds is taxable.
➡️   Appreciation (Capital gain) of the amount received on redemption (after 8 years) is tax free.
➡️   Capital gains on sale in the market is liable to Short term Capital Gain (holding below 1 years)/Long term Capital Gain with indexation (holding above 1 years).

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