Sovereign Gold Bond: Modi government is giving golden opportunity to buy cheap gold, know where and how to buy gold at what price

By Anupreet Kaur On Oct 13, 2020

new Delhi. Sovereign Gold Bond As the festive season arrives, there is a competition for the price of gold in the market, but a plan has been made by the Modi government in which the common man is getting a chance to buy gold at a very cheap price. Yes, under the government’s Sovereign Gold Bond, you should be ready to take advantage of this scheme. Now, like every year, this time also the seventh series of the Sovereign Gold Bond Scheme, 2020-21 (Gold Bond News) has come to the public. Under which you can avail full benefits by investing in this scheme from October 12 to October 16. Even if you do not get gold in physical form from this scheme, you will definitely get the same price as gold. We are telling you about this plan…

The Sovereign Gold Bond is implemented every year by the Reserve Bank of India (RBI). Under this seventh series, the price of gold per gram has now been fixed at Rs 5,051 (Sone Ka Bhav). This series of 2020-21 – seven will be open from October 12 to October 16. By taking this scheme, the investor gets an annual interest of 2%, which comes on the account every 6 months. Its duration is 8 years, before this you cannot remove it. For this, an option to withdraw money after 5 years has been given. You have

Explain that the eighth series of Sovereign Gold Bond Scheme (SGB) 2020-21 will open from November 9 to November 13, Sovereign Gold Bond 2020-21 has been done by the Government of India.

Where and how to get
If you want to get this scheme, then you must have a voter ID, Aadhaar card / PAN or TAN / passport to invest in this bond. This can be done by all commercial banks (except RRB, Small Finance Bank, Payment Bank), Post Office, Stock Holding Corporation of India Limited (SHCIL), National Stock Exchange of India Limited (NSE), Bombay Stock Exchange (BSE) or direct agents. You can apply through The biggest feature of this scheme is that you can also take a loan from it.