https://www.taxtmi.com/notifications?id=127007 The Sovereign Gold Bond Scheme 2018-19 issues government stock certificates denominated in grams of 999 purity gold, purchasable by specified Indian persons and entities within annual gram ceilings. Nominal value is set by the three day simple average bullion price; online digital applicants receive a rupee per gram discount. Bonds carry 2.50% fixed interest payable semi annually, are convertible to Demat, tradable on RBI notification, redeemable at eight years (premature after five years), usable as loan collateral under RBI LTV norms, and feature taxable interest with capital gains exemption on redemption for individuals. en-us Mon, 08 Oct 2018 00:00:00 +0530 Thu, 11 Oct 2018 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127007 The Sovereign Gold Bond Scheme 2018-19 issues government stock certificates denominated in grams of 999 purity gold, purchasable by specified Indian persons and entities within annual gram ceilings. Nominal value is set by the three day simple average bullion price; online digital applicants receive a rupee per gram discount. Bonds carry 2.50% fixed interest payable semi annually, are convertible to Demat, tradable on RBI notification, redeemable at eight years (premature after five years), usable as loan collateral under RBI LTV norms, and feature taxable interest with capital gains exemption on redemption for individuals. Notifications Indian Laws Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127007