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Dhanteras 2023: Next week is the festival of Dhanteras. Buying gold on this occasion is considered auspicious. In fact, most people buy physical gold on this day. However, the demand for digital gold has also increased in the last few years. You can also earn interest from the government by investing in gold digitally. For this, gold can be bought through Exchange-Traded Fund (ETF) or Sovereign Gold Bond (SGB) etc. Today we will tell you about Sovereign Gold Bond. On investing in this scheme, you will not only get security and purity of gold but also interest will be given by the government.
Sovereign Gold Bonds
In fact, the central government launched the Sovereign Gold Bond Scheme in 2015. This gold is an investment, which earns interest. The central government periodically gives an opportunity to the general public to invest in this scheme. Under this you can buy gold from one gram to 4 kg. Its price is fixed by the Reserve Bank. Generally the price of this gold is cheaper than the general market. A discount of Rs 50 per gram is also available if payment is made through digital mode. This gold can be purchased from recognized stock exchanges like Banks, Post Office, Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), NSE and BSE.
interest: The bond is for a period of eight years. That means maturity takes place over a period of eight years. However, exit options are available in 5th, 6th and 7th year. The government has fixed 2.50 percent annual interest on the investment. Interest is paid at half yearly intervals.