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SGB 2023-24 Series IV
₹6,213.00/ per gram
About
Last date to apply
16th Feb 2024, 4:30 PMMaturity date
21st Feb 2032Interest payout %
2.5% of the Issue price
Timelines
Application open
12 Feb 2024Application end
16 Feb 2024Allotment finalisation
21 Feb 2024
Invest in
Sovereign Gold Bond (SGB)
Government Backed
Tracks the price of gold
Enjoy 2.5% interest
Get tax benefits
Frequently Asked Questions
SGB or Sovereign Gold Bonds are government securities denominated in grams of gold, a great and safe alternative to holding physical gold. By investing in them you can benefit from gold price appreciation, get 2.5% guaranteed interest and enjoy tax benefits.
You can invest in SGB from both our mobile and web platforms, simply follow these steps?
- Login to your Upstox account by clicking on this link : Account upstox
- Go through the details of the SGB before investing in them
- Click on 'Apply'
- Select payment mode and complete the payment
- Done! Your order has been placed
Next, we will send your order to the Exchange on the application closing date. If all details of your application are correct, you will get to know about your allotment status by 20th September 2023 and the units will be transferred to your Demat account. In case your application fails, the order amount will be credited to your account within one working day.
- Click on the application status
- Next, you will see the details of the SGB you applied for
- Now click on the 'Delete application'
- To delete your application, a confirmation message will appear
- On clicking 'Delete', your application will be successfully cancelled and refund process will be initiated
- The blocked funds will be released by your bank into your Upstox account within one working day
No, you cannot modify your SGB application on Upstox. If you want to modify your order, cancel the existing order and place a fresh order.
Refund will be issued to your Upstox account (securities wallet) one working day after you deleted your application.
Sovereign Gold Bonds aka SGBs are Government securities denominated in grams of gold, a great and safe alternative to holding physical gold. Why should you invest in them?
- Less Risk, More Security: Backed by RBI and GOI.
- Dual Returns: Gold price appreciation + 2.5% interest.
- Tax-Friendly: Redeem tax-free on maturity.
- Hassle-Free: Zero GST, zero brokerage.
- Exclusive Discount: Get ₹50 off on Upstox!
Sovereign Gold Bonds aka SGBs are Government securities denominated in grams of gold, a great and safe alternative to holding physical gold. Here are its benefits:
- Less Risk, More Security: Backed by RBI and GOI.
- Dual Returns: Gold price appreciation + 2.5% interest.
- Tax-Friendly: Redeem tax-free on maturity.
- Zero expenses: Zero GST, zero brokerage.
- Exclusive Discount: Get ₹50 off on Upstox!
SGBs are issued in denominations of one gram of gold and in multiples thereof. Minimum investment shall be one gram with a maximum limit of subscription of 4 kg for individuals, per fiscal year (April – March).
SGBs give an interest of 2.50% (fixed rate) per annum on the initial investment amount. This interest will be credited semi-annually to your bank account and the last interest will be payable on maturity along with the principal.
SGBs give an interest of 2.50% (fixed rate) per annum on the initial investment amount. This interest will be credited semi-annually to your bank account and the last interest will be payable on maturity along with the principal.
On maturity, the SGBs shall be redeemed in INR. The calculation would be a simple average of the closing price of gold of 999 purity of the last 3 business days from the date of maturity, published by the India Bullion and Jewelers Association Limited. This would be paid along with the last interest amount payable on your investment.
Yes, you can sell SGB on Upstox just like Stocks.
SGBs (Sovereign Gold Bonds) are taxed differently at different stages, including acquisition, interest income, and capital gains.
- Acquisition: When you purchase SGBs, there is no tax on the purchase price.
- Interest Income: SGBs provide an annual interest rate. This interest is taxable as per your income tax slab rate. It is added to your income and taxed accordingly. If the interest income from SGBs exceeds Rs. 10,000 in a financial year, the issuer deducts TDS at the rate of 10% before disbursing the interest amount.
- Redemption: When you redeem or sell the SGBs, the capital gains are calculated based on the selling price minus the acquisition cost.
- If you hold the bonds for more than three years, it is considered a long-term capital gain, and if it is held for less than three years, it is a short-term capital gain, taxed at your applicable income tax slab rate.
- If you sell SGBs after holding them for more than three years, the capital gains are taxed at a flat rate of 20% with indexation benefits. Indexation adjusts the purchase price for inflation, reducing the taxable gains.
- If you sell SGBs at maturity, the capital gains are tax free.