Sovereign Gold Bonds (SGB)
- SGB is a paper gold investment scheme launched by RBI without transaction of physical gold.
- SBG offers better option of investment in comparison to buying physical gold in respect of risk and storage charges of physical gold.
- SGB is free from vital issues like making charges and purity in respect of physical gold.
- Investment is locked for long term.
- Tenure is for eight years.
- Investors are assured to get the market value of gold at the time of redemption.
- Minimum investment required is one gram of paper gold.
- Maxium investment can be four kg of paper gold per year.
- Return from investment during akibat redemption is tax-free.
- Additional 2.5% of periodic interest of invested amount is assured annually and this interest is taxable.
- This golden product is available to be bought from Banks, Post Office, Stock Exchange etc .
- Online procurement of the scheme is also available in different platforms.
- Premature withdrawal is possible from the 5th year from initial investment.
## Common Investors may collect ebook from the following link for mastering the basics of investment :
### Govt Job Aspirants in Mechanical Engineering (Degree or Diploma) may collect ebook from the following link for cracking Competitive Exams :
https://pothi.com/pothi/book/ebook-er-pradip-mondal-solved-exam-papers-wbpsc-mechanical-engineering