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Sovereign Gold Bonds – Traditional Gold goes Digital

Gold as an asset class has been proving many a people wrong time and again with the say it has bounced back. The Question arises, why do you need to buy a jewelry – if you are looking at investment in GOLD? The clear answer & alternate to physical jewelry is Sovereign Gold Bond. Sovereign Gold Bonds are government securities issued by Reserve Bank of India on behalf of the Government of India. They are denominated in grams of gold and can be purchased instead of physical gold & carries an interest rate of 2.5% per annum on holding value. You get benefited with no wastage or making charges, enjoying the appreciation in gold value in total.

Investors can buy these bonds through Exchange at issue price when RBI announces a fresh sale or they can purchase it immediately through Exchange at current price like any other security.

Investors can redeem these bonds for cash upon maturity of the bonds or can sell it on BSE/NSE at current prices.

Key Features

  • The bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

  • The bonds will be available both in Demat and paper form.

  • The bonds will carry sovereign guarantee both on the capital invested and the interest.

  • The bonds can be used as collateral for loans.

  • No STT or Capital Gains Tax (as per Government of India guidelines)

Advantages of Sovereign Gold Bonds

  • Superior alternative to holding gold in physical form.

  • Risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest.

  • No issues like making charges and purity in the case of gold in jewelry form.

Held in the books of the RBI or in Demat form eliminating risk of loss of scrip etc.

ATTENTION INVESTORSKYC IPO

REGISTERED OFFICE ADDRESS:

#213, 2nd Floor, Opp. Bank of India,5th Main, Hampinagar, Vijayanagar 2nd Stage,Bangalore-560104, Karnataka, India.

Fund Transfer:
BANK NAME ACCOUNT HOLDER NAME ACCOUNT NUMBER IFSC CODE BRANCH NAME
AXIS BANK LTD M/S SUNNESS CAPITAL INDIA PVT LTD 913020012329778 UTIB0000468 VIJAYANAGAR BRANCH, BANGALORE-560040
AXIS BANK LTD M/S SUNNESS CAPITAL INDIA PVT LTD 916020027370018 UTIB0000468 VIJAYANAGAR BRANCH, BANGALORE-560040
HDFC BANK M/S SUNNESS CAPITAL INDIA PVT LTD 57500000125511 HDFC0000312 VIJAYANAGAR BRNACH
ICICI BANK SUNNESS CAPITAL INDIA PVT LTD 120705000782 ICIC0001207 Pant Nagar Ghatkopar E Mumbai
BSE: Cash Segment - INB011459634 | BSE: Derivative Segment - INF011459634 | Inter Connected Stock Exchange of India Ltd.: BSE: Currency Derivative - INB011459634 | NSE: Derivative Segment - INB011459634 | MCX-SX : Cash-INB261459631 | Derivatives- INF261459631 | DPID: IN-DP-CDSL-706-2014SEBI Regn. No.: INZ000163232-BSE Cash/F&O/CD, NSE Cash/F&O, MCX F&O For any kind of grievance, you may write to us at: investorgrievance@sunness.in

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