Why Sovereign Gold Bond 2020-21 Series V?
Assured interest 2.5% p.a. payable half-yearly.
Tradable on stock exchanges in Demat Form
No capital gain on redemption
No TDS & Making charges
It is a safe investment with low returns. The good thing is it has the benefit of both, interest and value addition. On the sale of these bonds, there is no capital gains liability. This adds to its advantage and any profit on the sale is exempted under the income tax Act.
Due dates to invest in these bonds is from 3rd August to 7th August.
Application via Direct mode can be accepted on 3rd, 4th, and 5th August 2020.
Direct mode banks- ICICI Bank, Axis Bank, Kotak bank, IDBI, HDFC Bank, and Yes Bank
Only NEFT payment will be accepted on 6th and 7th August 2020.
Beneficiary name- Indian Clearing Corporation Limited.
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