The government will release a new set of Sovereign Gold Bonds (SGB) in two parts – one in December and another in February.
The Finance Ministry announced that Series-3 will be available from December 18-22, and Series-4 will be open from February 12-16.
People who apply online and pay digitally will get a discount of Rs 50 per gram on the gold bond price.
These gold bonds have an 8-year maturity period, but you can choose to exit after 5 years. You can invest a minimum of one gram and a maximum of four kilograms.
Investors receive 2.50 percent interest annually, paid every six months.
The bonds can be bought through banks, Stock Holding Corporation of India Limited, post offices, and recognized stock exchanges like BSE and NSE.
To buy these bonds, you need to go through a KYC (Know Your Customer) process, which is the same as buying actual gold.
You’ll need documents like Voter ID, Aadhar Card/PAN or TAN/Passport, and a PAN number issued by the Income Tax Department for your application.
