Business News | Get Sovereign Gold Bonds Now on Bajaj Markets
Get latest articles and stories on Business at LatestLY. Pune (Maharashtra) [India], June 19: Bajaj Markets, a subsidiary of Bajaj Finserv, is one of India's leading fintech startups, offering a wide range of financial products including Sovereign Gold Bonds.
BusinessWire India
Pune (Maharashtra) [India], June 19: Bajaj Markets, a subsidiary of Bajaj Finserv, is one of India's leading fintech startups, offering a wide range of financial products including Sovereign Gold Bonds.
Also Read | Tesla Cybertruck Prototype Arrives in New Zealand by Plane, Preparing Winter Testing.
Sovereign Gold Bonds, or SGBs are securities issued by the Reserve Bank of India (RBI) at the behest of the Government of India.
The first issue for 2023-24 Series I is now available for subscription from June 19 to June 23, 2023, on Bajaj Markets. Investors can subscribe to SGBs in several denominations characterised by weight, starting as low as one gram. They will also receive a Holding Certificate as proof of investment. The price per gram for the current tranche is fixed at Rs. 5,926 for offline transaction and Rs. 5,876 for online transaction.
SGBs come with a maturity period of eight years, with the option for premature redemption after the fifth year. Investors will receive an assured interest of 2.50% per annum as mandated by RBI, payable semi-annually.
Key Features
- Issued by the Reserve Bank of India
- Assured interest of 2.50% per annum
- Discount of Rs. 50/gram on online investment
- Avail tax benefits
Investors can subscribe to SGBs on Bajaj Markets from June 19, 2023. The subscription is entirely online, allowing investors to subscribe from anywhere.
(Disclaimer: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)