Sovereign Gold Bonds will be issued on payment of rupees and denominated in grams of gold. Minimum investment in the bond shall be 1 grams. The bonds can be bought by Indian residents or entities and is capped at 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government.
SGB Series II 2017-18 Features
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Bond Issue - Starting Date
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09th October 2017
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Bond Issue - Ending Date
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11th October2017
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Date of Issuance
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16th October2017
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Issue Price
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Rs2,956/Gram
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Minimum investment
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1 gram
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Maximum investment
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4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government
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Rate of Interest
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2.50 % (fixed rate) per annum
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Frequency of Interest Payment
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Half Yearly Rests
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Mode of Holding
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Paper Form or Demat Form
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Tenure
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8 years, early redemption allowed after 5 years
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Taxation
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No TDS, but annual interest is fully taxable.
Capital Gain Tax is exempted
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