Wealth Churn

How can you apply eNPS online ?

noreply@blogger.com (Unknown) — Sat, 25 Dec 2021 00:33:00 +0000

NPS - National Pension System, an attractive tool to create a habbit of saving and long term investing for future requirements and for retirement. Another gem of the scheme is that, subscribers of the scheme gets additional tax advantage on investments upto Rs50,000 up and above Rs1.5 lakhs by investing in NPS. Here is a quick guide to appply for eNPS (National Pension System) online account

Firstly understand what is National Pension System (NPS)/eNPS ?

National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return.

Who regulates NPS Scheme?

The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.

What is eNPS ?

eNPS is none other than electronically opened online NPS account. eNPS account will be opened by submitting documents online.

Who can join NPS ?

Any individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the date of submission of NPS application) can join NPS.

What is tax advantage on NPS?

Yes, Tax Benefit available to Individual: Any individual who is Subscriber of NPS can claim tax benefit under Sec 80 CCD (1) with in the overall ceiling of Rs. 1.5 lac under Sec 80 CCE.

What is additional tax benefit under NPS?

It provides Exclusive Tax Benefit to all NPS Subscribers u/s 80CCD (1B). An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act. 1961.

What are Tax Benefits under the Corporate Sector?

Corporate Subscriber: Additional Tax Benefit is available to Subscribers under Corporate Sector, u/s 80CCD (2) of Income Tax Act. Employer's NPS contribution (for the benefit of employee) up to 10% of salary (Basic + DA), is deductible from taxable income, without any monetary limit.

Corporates: Employer’s Contribution towards NPS up to 10% of salary (Basic + DA) can be deducted as ‘Business Expense’ from their Profit & Loss Account.

Can I open multiple NPS accounts ?

No, opening multiple NPS accounts for an individual is not allowed under NPS. However an Individual can have one account in NPS and another account in Atal Pension Yojna.

Can I open Joint NPS account ?

No, NPS account can be opened only in individual capacity and cannot be opened or operated jointly or for and on behalf of HUF.

How to Apply?

If you qualify from the above. Please follow following steps to open online NPS:

Step 1: Go to NSDL website

Step 2: Enter PAN Number

Step 3: Subimt Mandatory Documents

Step 4: Upload Photo and Signature

Step 5: Make payment and e-Sign

Step 6: Get confirmation of opening of eNPS account

Step 7: Start contributing to NPS account at regular intervals

I have opened account, How to Contribute ?

Once you have opened account, you can contribute through following of any:

1) Virtual Account Number: You can create Virtual Account Number and contribute online via NEFT from your internet banking/mobile banking etc. Note: Same day NAV, when amount gets credited in your NPS before 12:00pm IST or,

2) Login to your service provider website (here NSDL website) and contribute directly (they charge minimum payment gateway fees)

How much minimum contribution per year?

A Subscriber is required to make initial contribution (minimum of Rs. 500 for Tier I and a minimum of Rs. 1000 for Tier II) at the time of registration. Subsequently, a Subscriber can make contribution

Further more details and detailed FAQ, please visit NSDL website

RBI Retail Direct Scheme for retail investors to invest in G-Sec

noreply@blogger.com (Unknown) — Sun, 21 Nov 2021 11:10:00 +0000

To accomodate participation of retail investors in govt securities, Reserve Bank of India on November 12, 2021 has launched RBI-Retail Direct Scheme.

Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs (Government Securities) within easy reach of the common man by simplifying the process of investment. Under the Scheme, retail individual investors will be able to open a Retail Direct Gilt (RDG) Account with the Reserve Bank of India, using an online portal click here to visit or paste in browser (https://rbiretaildirect.org.in).

Investments can be made using the following routes:

Primary issuance of government securities: Investors can place bid as per the non-competitive scheme for participation in primary auction of government securities and procedural guidelines for SGB issuance.
Secondary market: Investors can buy and sell government securities on NDS-OM (‘Odd Lot’ and ‘Request for Quotes’ segments).

Online Payments to process transactions: Payments for transactions can be done conveniently using saving bank account through internet-banking or Unified Payments Interface (UPI).

Support to Investors via phone and enail: Investors can obtain help and other support facilities on the portal itself and also through a toll-free telephone number 1800–267-7955 (10am to 7pm) and email.

Additional features to make the product attractive: Investor services include provisions for transaction and balance statements, nomination facility, pledge or lien of securities and gift transactions.

No Charges/fees on Investments: No fees will be charged for facilities provided under the scheme. The Scheme aims to provide a safe, simple, direct and secured platform to investors.

Eligibility of Retail investors: Retail investors can register under the Scheme and maintain a RDG Account, if they have the following:

Rupee savings bank account maintained in India
Permanent Account Number (PAN) issued by the Income Tax Department
Access to primary issuance of Government securities Any OVD for KYC purpose
Valid email id; and
Registered mobile number in India

Can a Non-Resident retail investor eligible to invest in G-sec: Non-Resident retail investors eligible to invest in Government Securities under Foreign Exchange Management Act, 1999 are eligible under the scheme.

Mode of account opening: The RDG account can be opened singly or jointly with another retail investor who meets the eligibility criteria.

Sovereign Gold Bond 2020-21 Series-IX; new tranche starts from 28th December till 1st January

noreply@blogger.com (Unknown) — Sun, 27 Dec 2020 04:34:00 +0000

New tranche of Sovereign Gold Bond scheme's would start from 28-Dec-2020 at rate of ₹5,000/gm with discount of ₹50/gm for online investors.

Indian Government's Sovereign Gold Bond (SGB) scheme for 2020-21 Series-IX to start for subscription from December 28, 2020 to January 01, 2021. The Bond is issued by Reserve Bank on behalf of Government of India.

The government has fixed the rate at ₹ 4,950 for a gram of gold for online subscribers. Discount of ₹ 50 per gram will be available for online subscribers. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period.

The bonds will be issued on January 05, 2021. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year.

Disclaimer: Plesae read the documents carefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Yearly tranches and units outstanding of Sovereign Gold Bonds

Source:

Reserve Bank of India, UdhyamPitch Research

Issuer

The Bond is issued by Reserve Bank on behalf of Government of India..

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Key Benefits of SGB

1	Interest Rate benefit Bonds bear 2.5% interest rate per annum on the initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal. Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961).
2	Capital Gains Tax benefit No Capital gain tax if bonds held till maturity (Applicable after 3 years). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.
3	Avoid Risk and Storage Cost SGB's helps to save on cost spent to store physical Gold. The risks and costs of storage are eliminated.
4	Quality Check not required Quality check is must while buying physical gold while it is not required to buy SGB.
5	Discount of Rs50/gm for Online Subscription Online customers will have additional advantage to avail discount. Discount of ₹50/- per gram to investors applying online and payment made through digital mode.

Comparison Metrics

Below metrics provide comparison of SGB with Physical and Gold ETF

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	28-Dec-2020
Closing Date	1-Jan-2021
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 4,950/ gm
Face Value (Offline)	₹ 5,000/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 5,000/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	28-Dec-20
Closing Date	01-Jan-21
Date of Issue	05-Jan-21
Premature Redemption	05-Jul-26 (Tentative)
Date of Redemption	05-Jan-29 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Frequently Asked Questions (FAQ):

How to Buy Sovereign Gold Bonds?

Bonds will be sold through Commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices (as may be notified) and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.

What are Payment options?

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

What is minimum and maximum quantity one can buy?

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

What are the Know-Your-Customer (KYC) norms?

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Are these bonds tradable?

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Can I get the bonds in demat form?

Yes. The bonds can be held in demat account. A specific request for the same must be made in the application form itself. Till the process of dematerialization is completed, the bonds will be held in RBI’s books. The facility for conversion to demat will also be available subsequent to allotment of the bond.

How issue price is arrived?

Nominal value is declared by RBI based on the average closing price of 999 purity gold for the last three business days preceding to the issue as published by the Indian Bullion and Jewellers Association Limited.

Calculate Bid Amount

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-VI

.COM @ Rs.149 for 1st year

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Sovereign Gold Bond 2020-21 Series-VII; would start from October 12

noreply@blogger.com (Unknown) — Sat, 10 Oct 2020 13:41:00 +0000

New tranche of Sovereign Gold Bond scheme's would start from 12-Oct-2020 at rate of ₹5,051/gm with discount of ₹50/gm for online investors.

Indian Government's Sovereign Gold Bond (SGB) scheme for 2020-21 Series-VII to start for subscription from October 12, 2020 to October 16, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.

The government has fixed the rate at ₹ 5,051 for a gram of gold for offline subscribers. Discount of ₹ 50 per gram will be available for online subscribers. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period.

The bonds will be issued on October 20, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year.

Disclaimer: Plesae read the documents carefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Yearly tranches and units outstanding of Sovereign Gold Bonds

Source:

Reserve Bank of India, UdhyamPitch Research

Issuer

The Bond is issued by Reserve Bank on behalf of Government of India..

Flat 30% Off On WordPress Hosting

Key Benefits of SGB

1	Interest Rate benefit Bonds bear 2.5% interest rate per annum on the initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal. Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961).
2	Capital Gains Tax benefit No Capital gain tax if bonds held till maturity (Applicable after 3 years). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.
3	Avoid Risk and Storage Cost SGB's helps to save on cost spent to store physical Gold. The risks and costs of storage are eliminated.
4	Quality Check not required Quality check is must while buying physical gold while it is not required to buy SGB.
5	Discount of Rs50/gm for Online Subscription Online customers will have additional advantage to avail discount. Discount of ₹50/- per gram to investors applying online and payment made through digital mode.

Comparison Metrics

Below metrics provide comparison of SGB with Physical and Gold ETF

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	12-Oct-2020
Closing Date	16-Oct-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 5,001/ gm
Face Value (Offline)	₹ 5,051/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 5,051 - ₹ TBA/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	12-Oct-2020
Closing Date	16-Oct-2020
Date of Issue	20-Oct-2020
Premature Redemption	20-Apr-2026 (Tentative)
Date of Redemption	20-Oct-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Frequently Asked Questions (FAQ):

How to Buy Sovereign Gold Bonds?

What are Payment options?

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

What is minimum and maximum quantity one can buy?

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

What are the Know-Your-Customer (KYC) norms?

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Are these bonds tradable?

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Can I get the bonds in demat form?

How issue price is arrived?

Calculate Bid Amount

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-VI

.COM @ Rs.149 for 1st year

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Why you should diversify your investments ?

noreply@blogger.com (Unknown) — Sun, 06 Sep 2020 05:03:00 +0000

It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.

The phrase was first recorded in the book ‘Don Quixote’ by Miguel de Cervantes.

This idiom has a literal meaning – if you have a few eggs and you put them all in one basket or container, you risk losing all of your eggs if you drop the basket. If you put your eggs into different containers and you drop one of them, you will still have eggs remaining.

Same phrase applies to the investment side as well. If you put all your investments in one basket, at the time of urgency or unforeseen circumstances one may not be able to utilise hard earned money. One should always try to structure and diversify keeping in mind the risk taking capacity.

To de-risk investments and utilize money at the time of urgency, we suggest to create 4 baskets where one should put money and diversify:

Long Term Investment Basket: Long term basket where you dont need money immediately and will be saved to cater long term goals. Goals may include Retirement, Child's Marriage/s or future medical emergencies. Long term investment tools includes long term shares with strong fundamentals, Public Provident Fund (PPF), Insurance products, Mutual Funds, Government Bonds etc. We believe these investments should not be touched upon or withdrawn in less than 20 years unless there is extreme urgency.
Mid Term Investment Basket: Mid term basket is where you would not require money for minimum five (5) years and upto 20 years short-mid term shares (1&2 yrs) / FD / Liquid MF (don't touch unless u r in dire need)
Short Term Investments Basket: trading stocks for short term up to 6 months../ FD etc..( u can liquidate anytime depending upon ur need)
Ultra Short term (or Liquid basket): This basket includes keeping amount in cash (primarily in saving bank account), or keep in Liquid/Overnight Mutual funds.

These are tips to make more value out of investing however, due expert advise must be taken before investing to avoid Risk and increase rewards.

One has to do thorough research and if needed (on case to case basis) take advise of Investment Advisory services. With the strong research one should be able to build structured and diversified portfolio with balanced weightage to lower risk options.

However, one should always keep in mind that too much diversification is not good for your investment portfolio. Due to time constraints, one would not be able to focus or regularly check highly diversified portfolio which could lead to dilution of returns.

According to one of the best Investor, Warren Buffett

Diversification is a protection against ignorance.

One should spend money across a variety of investment options or asset classes to protect wealth from risk.

Think wisely!! Happy Investing!! Be Safe ! @Home

DISCLAIMER: Above article is only for information purpose and we are not proposing or forcing to buy any investment product or equity markets exposure. One may take advice from investment expert prior to investing.

Flourishing with IPO in a dry spell

noreply@blogger.com (Unknown) — Sun, 30 Aug 2020 14:06:00 +0000

Around seven companies are likely to hit capital market through IPO within the next two months. Driven by improved investor sentiments and new line of Millennial investors, capital market is expected to raise over Rs 7,000 crores through IPO's.

Happiest Minds Technologies, Angel Broking, CAMS Limited, Chemcon Speciality Chemicals, Route Mobile, UTI AMC and Gland Pharma are amongst the companies likely to come up with IPO.

Company Name	Open Date	Close Date
Happiest Minds Technologies	7-Sep-2020	9-Sep-2020
Angel Broking Ltd.	TBA	TBA
Computer Age Management Services Ltd. (CAMS)	TBA	TBA
Chemcon Specialty Chemicals Ltd.	TBA	TBA
UTI Asset Management Company Ltd.	TBA	TBA
Route Mobile Ltd.	TBA	TBA
Gland Pharma Ltd.	TBA	TBA

*TBA: To be Announced

Earlier in Jul'20, Rossari Biotech, an specialty chemicals manufacturing, saw strong demand for its IPO. The Rs. 496 crore issue was subscribed 79.37 times and the stock listed at a premium of 57% over its offer price on July 4. With this bumper listing, several companies are rushing to raise funds now through IPO route.

Since Jan'20 three out of five companies made debut in the bourses - SBI Cards, Rossari Biotech and Yes Bank - FPO. Two companies withdrawn their fund raising plans which included Waste management company Antony waste handling cell ltd and Govt owned telecommunication equipment manufacturer ITI Ltd-FPO. During CY19, 16 companies made debut in the bourses including highly subscribed IRCTC as compared to 25 companies in CY18.

Number of companies going for IPO is contracting on yearly basis given the weak investor sentiments. Would these companies give a breather to dried primary capital market... only time will tell..

Untill then, wait and watch on IPO dates and subscription of these IPO's.

Hallmarking defined, one should know !

noreply@blogger.com (Unknown) — Sat, 15 Aug 2020 06:38:00 +0000

The BIS Hallmarking Scheme has been aligned with International criteria on hallmarking. As per this scheme, Registration is granted to the jewellers by BIS under Hallmarking Scheme. The BIS certified jewellers can get their jewellery hallmarked from any of the BIS recognized Assaying and Hallmarking Centres.

Key Facts about Gold Sector:

The annual consumption of gold which was estimated at 65 tonnes in 1982, has increased to over 800 tonnes presently.
About 80% is for jewellery fabrication (mainly 22 carat purity) for domestic demand, 15% for investor demand and barely 5% for industrial use.
According to a FICCI study, the gold processing industry has around 15000 players, with around 80 units having revenues over US $ 5 million.
India is also home to around 4,50,000 gold smiths, over 100,000 gold jewellers, along with about 6000 diamonds- processing players and 8000 diamond jewellers.

Below are few things one should know while buying Jewellery or Articles:

What is Hallmarking?
Hallmarking is the accurate determination and official recording of the proportionate content of precious metal in precious metal articles. Hallmarks are thus official marks used in many countries as a guarantee of purity or fineness of precious metal articles. The principle objectives of the Hallmarking Scheme are to protect the public against adulteration and to obligate manufacturers to maintain legal standards of fineness.

What is IS Code for Jewellery hallmarking?
The recognition of an Assaying and Hallmarking Centre is done against IS 15820:2009.

Which precious metals are hallmarked in India?
In India, at present two precious metals namely gold and silver have been brought under the purview of Hallmarking

What are the objectives behind instituting Hallmarking Scheme?
To protect consumer against victimization due to irregular gold or silver quality, and to develop India as a leading gold market centre in the World and to develop export competitiveness.

When will Hallmarking be implemented?
Mandatory Hallmarking shall come into force from January 15, 2021

On which Products Hallmarking is applicable?
Hallmarking is applicable on Gold Jewellery and Gold Artifacts.

What one should look for in an Hallmarked gold article?
One should look at following to verify Hallmarked gold article:

BIS Mark
Purity in carat and Fineness (it can be any of the following

22K916 Corresponding to 22 Carat
18K750 Corresponding to 18 Carat
14K585 Corresponding to 14 Carat

Assaying/Hallmarking Centre’s Identification Mark/Number
Jeweller’s Identification Mark/Number

How can consumer check Gold articles purity?
Consumer can get its jewellery/sample tested from any of the BIS Recognized Assaying & Hallmarking Centre. The Assaying and Hallmarking Centres undertake the testing of Jewellery/Samples of common consumers on priority on chargeable basis. The Assaying and Hallmarking centre is required to issue Assay Report giving proper identifications as marked on article.

What are the charges of Hallmarking?
Following hallmarking charges are applicable:

Gold articles

» Rs. 35/- per article

» Minimum charges for a consignment shall be Rs. 200/- . (Services Tax and other levies as applicable shall be extra)

Silver articles

» Rs.25/-per article

» Minimum charges per consignment is Rs 150.00. (Services Tax and other levies as applicable shall be extra)

What if Hallmarked Jewellery is of less purity?
In case Hallmarked Jewellery brought by the consumer is found to be of lesser purity than that marked on jewellery, the testing charges would be refunded to the consumer by the centre who had Hallmarked the jewellery. The jeweller shall be obliged to satisfy the consumer through replacement as envisaged in the existing scheme

Source: Bureau of Indian Standards

(Above logo/s may be trademark of respective owners)

Transformation is the need of an Hour. Are you ?

noreply@blogger.com (Amit Khimesra) — Sat, 08 Aug 2020 17:41:00 +0000

Transformation is the need of an Hour. Are you ? In the scenario of lockdown and post lockdown, companies specially MSME (Micro, Small and Medium Enterprises) are facing critical situations of 1) lower demand 2) increase costs and overheads 3) Increase in usage of digitization.

Companies should work aggressively and immediate action is required to completely overhaul the way they do business activities and transform things to align and fight with this battle.

Following are the key areas where companies should proactively work or get guidance from experts to meet the financial targets and budgets:

Review SOP: Almost all companies prepare and follow pre-defined Standard Operating Procedures (SOP) applicable to them. Current situation forces companies to review and change the SOP across departments be it at Manufacturing Plant level or Services Providers, Vendors, HR/Admin level etc. All departments need to Review, test and implement new SOP’s to take the company to the next level.
Budget Analysis & Review: Key aspect of every company is Budget Preparation. Most of the companies prepare Budgets one year in advance to meet the deadlines in the coming year. Current situation compelled companies (Specially MSME) to give a thoughts to review Budgets
Financial re-engineering and cost optimization measures: Finance is the back bone of any business entity. Timely adopting of best financial resources along with cost optimization measures would help to achieve Financial Goals.
Increase of Insurance coverage for staff: Current pandemic situation is providing Employers to provide increased insurance coverage to enable fight with unforeseen circumstances. A Health Insurance plan provides timely help to employees at the time of hospitalization, accident-related treatment and pre-decided diseases for a pre-specified limit.
Prepare for Regulatory changes if any:
Vendor transformation:
Strengthen IT Infrastructure:
Training to staff:
Research & Development:

About Author:

Amit Khimesra: Amit has over 10 years of experience in financial services industry. He has worked into Equity Research and Investment Banking industry and has interacted Companies and Entrepreneurs to understand their Views and Strategies. His interests includes writing articles on Corporate Strategy, MSME's, Financial Services apart from spending time with family and playing with kids.
Disclaimer: His view on above articles are his personal and may vary or change according to company to company.

He can be reached at Linkedin

Sovereign Gold Bond 2020-21 Series-VI starts August 31st

noreply@blogger.com (Unknown) — Sat, 08 Aug 2020 05:58:00 +0000

About Sovereign Gold Bond Scheme

The Government's Sovereign Gold Bond (SGB) scheme for 2020-21 Series-VI to start for subscription from August 31, 2020 to September 04, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.

The government has fixed the rate at Rs 5,117 for a gram of gold.

The bonds will be issued on September 08, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year

Disclaimer: Plesae read the documents carefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Yearly tranches and units outstanding of Sovereign Gold Bonds

Source:

Reserve Bank of India, UdhyamPitch Research

Issuer

The Bond is issued by Reserve Bank on behalf of Government of India..

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Key Benefits of SGB

1	Interest Rate benefit Bonds bear 2.5% interest rate per annum on the initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal. Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961).
2	Capital Gains Tax benefit No Capital gain tax if bonds held till maturity (Applicable after 3 years). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.
3	Avoid Risk and Storage Cost SGB's helps to save on cost spent to store physical Gold. The risks and costs of storage are eliminated.
4	Quality Check not required Quality check is must while buying physical gold while it is not required to buy SGB.
5	Discount of Rs50/gm for Online Subscription Online customers will have additional advantage to avail discount. Discount of ₹50/- per gram to investors applying online and payment made through digital mode.

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	31-Aug-2020
Closing Date	4-Sep-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 5,067/ gm
Face Value (Offline)	₹ 5,117/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ TBA - ₹ TBA/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	31-Aug-2020
Closing Date	4-Sep-2020
Date of Issue	8-Sep-2020
Premature Redemption	8-Mar-2026 (Tentative)
Date of Redemption	8-Sep-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-V

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Sovereign Gold Bond 2020-21 Series-V to start from August 3rd

noreply@blogger.com (Unknown) — Sat, 01 Aug 2020 13:45:00 +0000

About Sovereign Gold Bond Scheme

The government's sovereign gold bond scheme for 2020-21 Series-V to start for subscription from August 03, 2020 to August 07, 2020.

The government has fixed the rate at ₹ 5,334 for a gram of gold.

The bonds will be issued on August 11, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Disclaimer: Plesae read the documents caeefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Sovereign Gold Bond Scheme yearwise tranches and units outstanding

Source:

Reserve Bank of India, UdhyamPitch Research

Issuer Details

The Bond is issued by Reserve Bank on behalf of Government of India.

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year.

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Issuer Details

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	3-Aug-2020
Closing Date	7-Aug-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 5,284/ gm
Face Value (Offline)	₹ 5,334/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 5,284 - ₹ 5,334/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	3-Aug-2020
Closing Date	7-Aug-2020
Date of Issue	11-Aug-2020
Premature Redemption	11-Feb-2020 (Tentative)
Date of Redemption	11-Aug-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Issuer

Name of Issuer/s
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Number Of Lot (1 Lot=1gm units

Total Amount ₹ (at Face Value of ₹ 5334/gm)

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-IV

Sovereign Gold Bond 2020-21 Series-IV to start from July 6th

noreply@blogger.com (Unknown) — Sat, 04 Jul 2020 11:39:00 +0000

About Sovereign Gold Bond Scheme

The government's sovereign gold bond scheme for 2020-21 Series-IV to start for subscription from July 06, 2020 to July 10, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.
The government has fixed the rate at Rs 4,852 for a gram of gold.
The bonds will be issued on July 14, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.
The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Disclaimer: Plesae read the documents caeefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Issuer Details

The Bond is issued by Reserve Bank on behalf of Government of India.
Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year.

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Bond Issue

Sovereign Gold Bond Scheme key details

Particulars	Details
Opening Date	6-Jul-2020
Closing Date	10-Jul-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 4,802/ gm
Face Value (Offline)	₹ 4,852/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 4,802 - ₹ 4,852/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO

Particulars	Details
Opening Date	6-Jul-2020
Closing Date	10-Jul-2020
Date of Issue	14-Jul-2020
Premature Redemption	14-Jan-2026 (Tentative)
Date of Redemption	14-Jul-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application of bonds

Below are the sources where application can be made

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Issuer

Name of Issuer/s
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Number Of Lot (1 Lot=1gm units

Total Amount ₹ (at Face Value of ₹ 4852/gm)

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-III

Sovereign Gold Bond 2020-21 Series-III to start from June 8th

noreply@blogger.com (Unknown) — Sat, 06 Jun 2020 12:14:00 +0000

About Sovereign Gold Bond Scheme

The government's sovereign gold bond scheme for 2020-21 Series-III to start for subscription from June 08, 2020 to June 12, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.
The government has fixed the rate at Rs 4,677 for a gram of gold.
The bonds will be issued on June 16, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.
The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Disclaimer: Plesae read the documents caeefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Issuer Details

The Bond is issued by Reserve Bank on behalf of Government of India.
Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal year.

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Bond Issue

Sovereign Gold Bond Scheme key details

Particulars	Details
Opening Date	8-Jun-2020
Closing Date	12-Jun-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 4,627/ gm
Face Value (Offline)	₹ 4,677/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 4,627 - ₹ 4,677/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO

Particulars	Details
Opening Date	8-Jun-2020
Closing Date	12-Jun-2020
Date of Issue	16-Jun-2020
Premature Redemption	16-Dec-2025 (Tentative)
Date of Redemption	16-Jun-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application of bonds

Below are the sources where application can be made

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Issuer

Name of Issuer/s
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Number Of Lot (1 Lot=1gm units

Total Amount ₹ (at Face Value of ₹ 4677/gm)

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-II

Sovereign Gold Bond 2020-21 Series-II to start from May 11th

noreply@blogger.com (Unknown) — Sun, 03 May 2020 12:39:00 +0000

About Sovereign Gold Bond Scheme

The government's sovereign gold bond scheme for 2020-21 Series-II to start for subscription from May 11, 2020 to May 15, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.

The government has fixed the rate at Rs 4,590 for a gram of gold.

The bonds will be issued on May 19, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Disclaimer: Plesae read the documents caeefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Issuer Details

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	11-May-2020
Closing Date	15-May-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 4,540/ gm
Face Value (Offline)	₹ 4,590/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 5,284 - ₹ 5,334/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	11-May-2020
Closing Date	15-May-2020
Date of Issue	19-May-2020
Premature Redemption	19-Nov-2025 (Tentative)
Date of Redemption	19-May-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Issuer

Name of Issuer/s
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Number Of Lot (1 Lot=1gm units

Total Amount ₹ (at Face Value of ₹ 4590/gm)

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-I

Sovereign Gold Bond 2020-21 Series-I

noreply@blogger.com (Unknown) — Sun, 19 Apr 2020 06:26:00 +0000

About Sovereign Gold Bond Scheme

The government's sovereign gold bond scheme for 2020-21 Series-I to start for subscription from April 20, 2020 to April 24, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.

The government has fixed the rate at Rs 4,639 for a gram of gold.

The bonds will be issued on April 28, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Disclaimer: Plesae read the documents caeefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Issuer Details

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	20-Apr-2020
Closing Date	24-Apr-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 4,589/ gm
Face Value (Offline)	₹ 4,639/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 4,589 - ₹ 4,639/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	20-Apr-2020
Closing Date	24-Apr-2020
Date of Issue	28-Apr-2020
Premature Redemption	28-Oct-2025 (Tentative)
Date of Redemption	28-Apr-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Issuer

Name of Issuer/s
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Number Of Lot (1 Lot=1gm units

Total Amount ₹ (at Face Value of ₹ 4590/gm)

Please refer RBI website for more details and FAQ section

View Previous Sovereign Gold Bond Series-X

Sovereign Gold Bond 2019-20 Series-X

noreply@blogger.com (Unknown) — Sat, 29 Feb 2020 06:35:00 +0000

About Sovereign Gold Bond Scheme

The government's sovereign gold bond scheme for 2019-20 Series-X to start for subscription from March 02, 2020 to March 06, 2020. The Bond is issued by Reserve Bank on behalf of Government of India.

The government has fixed the rate at Rs 4,260 for a gram of gold.

The bonds will be issued on March 11, 2020. The bonds would be sold through banks, Stock Holding Corporation of India Limited, designated post offices, and stock exchanges - National Stock Exchange and BSE.

The scheme offers benefits similar to the earlier tranche of 2.5% interest and exemption on capital gains tax on redemption. The government launched the sovereign gold bond scheme in November 2015 to channelize a part of domestic savings, used for purchasing physical gold, to financial savings and thus lower the demand for the precious yellow-metal.

Disclaimer: Plesae read the documents caeefully. These details are for your information purpose and are not intend or asking to invest. Reuesting you to make own decision before investing.

Issuer Details

Comparison Metrics

Particulars	Sovereign Gold Bond	Physical Gold	Gold ETF
Returns	Higher than actual return on gold	Lower than actual return on gold	Lower than actual return on gold
Sovereign guarantee	Yes	Not Applicable	No
Safety	High	Risk of handling physical gold	High
Purity of Gold	High as it is in Electronic Form	Purity of Gold always remains a question	High as it is in Electronic Form
Redemption/Exit Route	After 5 years	Anytime	Anytime
Liquidity	Limited	Highly Liquid	Highly Liquid
Storage Cost	Very Low	High	Very Low
Brokerage/Charges	No	No	Yes
Quality Check	No	Yes, Quality Check is Must	No
Interest Payment	Yes, @ 2.5% p.a.	No	No
Long Term Capital Gains (LTCG)	Applicable after 3 years. (No Capital gain tax if held till maturity )	Applicable after 3 years	Applicable after 3 years

Details of Issue

Details of Sovereign Gold Bond Scheme

Particulars	Details
Opening Date	2-Mar-2020
Closing Date	6-Mar-2020
Discount	₹ 50 for online payment mode
Face Value (Online)	₹ 4,210/ gm
Face Value (Offline)	₹ 4,260/ gm
Bid Lot	1gm and multiples thereof upto 4,000gm
Minimum Bid Amount	₹ 4,210 - ₹ 4,260/-
Interest Payment	2.50%/annum payable semi-annually on the nominal value.
Tenor	8 Years
Premature Redemption	Early exit option after 5 years, to be exercised on interest payment dates only
Listing on	Stock Exchange
Mode of Payment	Cash payment (upto ₹ 20,000) or demand draft or cheque or electronic banking

Above details may change. Typo error could possible. Please contact us to update details

Tentative Dates

Below are the indicative dates for the IPO


Opening Date	2-Mar-2020
Closing Date	6-Mar-2020
Date of Issue	11-Mar-2020
Premature Redemption	11-Sep-2025 (Tentative)
Date of Redemption	11-Mar-2028 (Tentative)
Listing on Stock Exchange/s	around 15 days

Above dates are tentative and may change upon unforeseen circumstances

Application Forms

The application form will be provided by the following
Banks
Stock Holding Corporation of India Ltd. (SHCIL)
Designated Post Offices
Agents

Above details are indicative and may change

Issuer

Name of Issuer/s
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Frequently Asked Questions (FAQ):

Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking.

One can buy minimum 1gm and in multiples thereoff. Maximum limit of subscription for individuals is 4,000gms.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Yes, Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.

Calculate Bid amount

Number Of Lot (1 Lot=1gm units

Total Amount ₹ (at Face Value of ₹ 4590/gm)