SGB Tranche 1 opens June 19

[federer.reddevil]

The first tranche of SGB for 2023 - 2024 opens on Monday June 19 till June 23. This is a great alternative to all those who plan to buy gold and keep for long term as there is no extra charges and you get an interest of 2.5% per year.

All those who are interested can apply from the online portals of all major banks.

Would like to know how many of you are interested for the same

 

[suhasa010]

Was waiting for the same. Might move funds from Gold ETFs to SGBs.

 

[brightknight]

Some says it's better to purchase sgb in secondary market. Can somebody enlighten me? I have never invested in gold funds,sgb etc.

 

[suhasa010]

Some says it's better to purchase sgb in secondary market. Can somebody enlighten me? I have never invested in gold funds,sgb etc.

Liquidity will be very low. But yes, you might get good price and also tax saving.

 

[ronakshah]

Can someone confirm if I purchase sgb from secondary market and hold till maturity then what will be the tax implications? Will it still be tax free?

 

[suhasa010]

Can someone confirm if I purchase sgb from secondary market and hold till maturity then what will be the tax implications? Will it still be tax free?

Sovereign Gold Bond - Taxation on SGB - Learn by Quicko

Sovereign Gold Bond are bonds issued by the government of India under the SGB Scheme and are taxable under the appropriate slab rate

learn.quicko.com