Sovereign Gold Bond Scheme issues 1-gram bonds with 2.5% interest, eight-year maturity, and tax-favoured redemption. Sovereign Gold Bond Scheme 2021-22 issues Government of India Stock in one-gram denominations (and multiples) to eligible persons and entities, with annual subscription limits (4 kg for individuals/HUFs; 20 kg for trusts). Nominal value is fixed by the three-day simple average IBJA closing price; online digital applicants receive Rs.50 per gram discount. Interest is 2.50% p.a. paid semi-annually; maturity is eight years with premature redemption permitted after five years. Bonds are transferable, tradable, usable as loan collateral subject to RBI LTV, interest taxable, and redemption capital gains exempt for individuals with indexation on transfers.
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Provisions expressly mentioned in the judgment/order text.
Sovereign Gold Bond Scheme issues 1-gram bonds with 2.5% interest, eight-year maturity, and tax-favoured redemption.
Sovereign Gold Bond Scheme 2021-22 issues Government of India Stock in one-gram denominations (and multiples) to eligible persons and entities, with annual subscription limits (4 kg for individuals/HUFs; 20 kg for trusts). Nominal value is fixed by the three-day simple average IBJA closing price; online digital applicants receive Rs.50 per gram discount. Interest is 2.50% p.a. paid semi-annually; maturity is eight years with premature redemption permitted after five years. Bonds are transferable, tradable, usable as loan collateral subject to RBI LTV, interest taxable, and redemption capital gains exempt for individuals with indexation on transfers.
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