What is SGB and its advantages

Dalip Soni (116 Points)

01 March 2021

please let me know the advantages and disadvantages of SGB

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Kapadia Pravin (17259 Points)
Replied 01 March 2021

It is abbreviated form of Soverign Gold Bonds

Veeresh (Self employed) (123 Points)
Replied 01 March 2021

SGB issued by government yearly from Oct to march at value determined from time to time.

It will give int 2.5%.

Safe investment of gold.

Same returns as compared to physical gold.

Exemption from capital gain tax if held till maturity of 8 years.

You can with draw it after 5 years than capital gain is applicable with indexation benifit for individual.

Intrest is taxable as per slab rates.

Kapadia Pravin (17259 Points)
Replied 01 March 2021

Plus any time liquidity as SGB are listed on stock exchanges NSE BSE

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