Back to Career News

Should You Invest in Sovereign Gold Bonds this Akshaya Tritiya?

May 09, 2019

Should You Invest in Sovereign Gold Bonds this Akshaya Tritiya?

Given the cost of gold, not many people can afford it and that is why people should take a second look at the Sovereign Gold Bond scheme launched by the Government of India in 2015.

Investors can earn 2.5% interest rate per annum and this rate is fixed as is the tenure. A person can buy minimum 1g gold to a maximum of 4kg. However, entities and trusts can buy a maximum of 20kg.

Image Source

Recommended for you ...

Punjab National Bank govt approval to dilute stake in UTI Mutual Fund
Punjab National Bank govt approval to dilute stake in UTI Mutual Fund

November 28, 2022

Customer centricity and agility driving transformation in banking
Customer centricity and agility driving transformation in banking

November 28, 2022

Merger with HDFC likely to take 8-10 months
Merger with HDFC likely to take 8-10 months

November 28, 2022

Chat on WhatsApp