Gold prices are generally high in the festive season, especially on Diwali. Gold is widely sold on Diwali. Increasing demand for gold has given the scheme of giving gold to the government. This scheme of the scheme will allow customers to go to SBI. Buying gold will benefit from this scheme.
This special scheme of government can buy gold through bonds. Investing in this will give an interest of 2.5% to investors. The money will be exempted from tax in this scheme. This information is given on the official Twitter handle from SBI. Buyers will be able to invest in gold bonds. Investors can buy these bonds from November 5 to 9 November. The golden value of 99.9 percent purity by the Indian Bullion and Jewelers Association will be equal to 3 days average price. By subscribing to online bonds, paying digital mode will give a discount of Rs. 50 per gigabyte.
When to withdraw money
You can buy this bond through Bank, Stock Holding Corporation of India Ltd., some post office and through Stock Exchange. This bond will be maturing 8 years. That is, after 8 years it can be sold. However, investors can sell bonds in the fifth, sixth, seventh year.
How Can Buy A Bond?
You can make a DD, check or online payment to buy a bond. Cash payment is also a facility. However, you can buy more than 20 thousand crores in cash. Investors will have to buy at least 2 grams of land in the country. You can buy 1 gram, 2 gram bonds in this bond. You can buy this bond for a price of 20 kilograms.
