Sovereign Gold Bond 2016' to yield 12% return on maturity on August 5

Quick Summary:

Investors have earned an annual interest rate of 2.

Top government officials said to a media group, “For SGB issued in 2015, the returns to investors are approximately 12 per cent per annum, net of income tax.

SGBs have a five-year lock-in period, while physical gold can be sold anytime.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Gold Investment Gold Bonds Financial Returns Sgb returns Investment Tax on Sovereign Gold Bond Sgb 2016 returns Sovereign Gold Bond Scheme Sovereign Gold Bond SGB

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 18:54:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21872928

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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