Where to buy gold savings bonds in india

As gold is attractive for investment, gold savings bonds are one of the best options for this.  Gold savings bonds, which were introduced in 2015, are being issued continuously.  In this case, these are going to be released in two phases, this month and February next year.  You can invest in this month's release from 18th to 22nd.  Let's look at various ways to invest in these securities.

 

gold savings bonds

Gold Savings Bonds can be bought at the following places

All Banks in India

1. Small banks
2. Payment Banks
3. Village banks are exempt
4. Stock Holding Corporation of India (SHCIL)
5. Indian Clearing Corporation (ICCL)
6. Appropriate Post Offices
7. Stock market

As per your choice, you can buy gold savings bonds at any of these places.

Banks

All banks in India sell Gold Savings Bonds. Go to your bank and tell them you want to buy gold savings bonds. The bank will provide you with the necessary documents. Fill the documents and give it to the bank. The bank will receive your money and issue you a gold savings bond.

post offices

Go to your local post office and tell them that you want to buy gold savings bonds. The postal officer will provide you with the necessary documents. Fill the documents and give it to the post office. The post office will receive your money and issue you a gold savings bond. 

stock market

Gold savings bonds are listed on the stock market. If you have a demat account, you can buy gold savings bonds in the stock market. With the help of a stock broker, you can buy gold savings bonds.
 

SHCIL and ICCL

SHCIL and ICCL are companies that sell gold savings bonds. Gold Savings Bonds can be purchased through the website or offices of these companies.

While buying Gold Savings Bonds, keep the following points in mind,

Gold Savings Bonds are made of 24 carat gold. 

The value of gold savings bonds depends on the price of gold per gram. 

The interest rate on Gold Savings Bonds is 2.5% per annum. 

 Gold Savings Bonds mature after 8 years. 

Gold Savings Bonds can be sold before maturity.  

But when sold before maturity, there is loss of interest.