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Sovereign Gold Bond

Sovereign Gold Bonds is the easiest and safest way to buy digital Gold, as they are issued by Govt. of India. Sovereign Gold Bonds were introduced by the Government in 2015 under the Gold Monetization Scheme. These gold bonds in are issued under pre-notified application dates each year by the Reserve Bank of India. The gold bonds are issued as stocks under the Government Security Act, 2006 and investors are provided a Holding Certificate for the same.

Advantages of IFIN products

  • We have 28 branches across India
  • Experienced certified professionals
  • Tie up with National Stock Exchange to purchase SGB
  • Assured quality service
  • Fast turnaround times for applications or any resolutions
  • Doorstep service for Senior Citizens and other clients.

Main benefits of the product:

  • Choice to invest in Gold without holding physical gold
  • Interest rate of 2.50% payable semi-annually
  • Redemption linked to Gold Price
  • Eliminates the of risk and cost of storage of physical gold
  • Exempt from Capital gains tax, if held till maturity
  • Capital gains tax arising on redemption of SGB to an individual is exempt. The indexation benefits provided to long term capital gains arising to any person on transfer of bond.
  • Tradable on stock exchanges from a date as notified by the RBI.
  • Bonds are transferable by execution of an Instrument of transfer in accordance with the provisions of the Government Securities Act.
  • Can be used as collateral for loans
  • Investment Limit: Minimum 1 gram and maximum 4 kg in a FY for Individual/HUF and 20 kg for Trust and others
  • Tenure: 8 years with an exit option from 5th year onwards.

Consumer Journey

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Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.