👉The valuation of SGBs is determined by the average closing price of 999 purity gold over the preceding three working days before the subscription period.
👉2.5% interest is annually, interest is paid semi-annually 1.25% each
👉If the SGBs are retained until maturity (8 years), the ultimate redemption amount qualifies for exemption from capital gains tax.
Follow us for more informative videos!
#SMC #smcgroup #SovereignGoldBonds #Investment #Gold #CapitalGainsTax #InterestIncome #FinancialPlanning #TaxExemption #WealthManagement #Savings #InvestingTips #SGBs #GoldInvestment #TaxBenefits #SmartInvesting #SMC #smcgroup #SovereignGoldBonds #Investment #Gold #CapitalGainsTax #InterestIncome #FinancialPlanning #TaxExemption #WealthManagement #Savings #InvestingTips #SGBs #GoldInvestment #TaxBenefits #SmartInvesting
Posted On: 12 Feb 2024 5:57 PM
