HSL Mobile App Sovereign Gold Bond 2018-19 - Series I
Sovereign Gold Bonds are the safest way to buy digital Gold, as they are issued by Govt. of India, You not only benefit from possible Asset appreciation opportunity, but are also assured 2.50%per annum interest.
Applications for Gold Bonds will be accepted from Apr 16th, 2018 & Apr 20th, 2018.
Issue Details
Details of Sovereign Gold Bond 2018-19 - Series I:
- Issue Period: Apr 16th, 2018 & Apr 20th, 2018
- Issue Price: Rs.3064/- ( Nominal Value : Rs 3114/- Less Additional Discount of Rs 50/- for online application)
- Coupon rate: 2.5% per annum which will be paid semi–annually
- Minimum Application size: 1 Unit (1 Gram) and thereafter in multiples of 1
- Maximum Application Size: The maximum limit of subscribed shall be 4 Kgs for individual, 4 Kgs for HUF and 20 Kgs for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchase from the Secondary Market.
- Mode of Allotment: Customers will be issued a Holding certificate (Form C). Bonds are eligible for conversion to Demat form
- Tenure of the bond: The tenor of the Bond will be for a period of 8 years with exit option in 5th, 6th and 7th year, to be exercised on the interest payment dates.
(Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961. The Capital gains tax arising on redemption of SGB to an individual has been exempted. )
WHO CAN APPLY THROUGH HDFC securities:
All Registered Resident Indians (RI) &HUF Clients can apply online through their trading account or call our Call & Trade Numbers ( 0 + area Code + 33553366)
WHO CANNOT APPLY
NRIs cannot apply
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