Sovereign Gold Bond (SGB) Series VI: The Sovereign Gold Bond Scheme 2021-22 - Series VI closes for subscription tomorrow, September 3, 2021. The scheme opened from August 30, 2021. The investors who will be applying online will get a special discount of Rs 50 per gram. Now, the interested investors must know certain things about SGB 2021-22 Series VI.

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The six golden reasons for investing in SGBs are as follows:-

1) The investment assures returns of 2.50 per cent per annum payable half-yearly

2) It is secured and there are no storage hassles like physical gold

3) The liquidity is tradable on exchanges

4) There is no GST and making charges unlike in physical gold

5) It can be also used as collateral for loans

6) There is no Capital Gains Tax on redemption.

Discount: It also has to be noted that the RBI in consultation with the government has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be Rs 4,682.

Eligibility: The people residing in India who are defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. The eligible investors include individuals, HUFs, trusts, universities and charitable institutions. The individual investors with subsequent change in residential status from resident to non-resident may continue to hold SGB till early redemption/maturity.