If you invest in this government scheme, you will get cheap gold and 2.5 per cent interest, last date is July 10.

If you invest in this government scheme, you will get cheap gold and 2.5 per cent interest, last date is July 10

Applications for the Modi government's Sovereign Gold Scheme can be submitted on Monday, July 6 to July 10.  This is the fourth installment of the government's Sovereign Gold Bond (2020 21).  In which you will have the opportunity to invest in gold in the form of digital bonds.
Modi government's sovereign gold scheme
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Significantly, given the global Corona crisis, gold is being considered a safe haven for investment these days.  This is the fourth installment of the government's Sovereign Gold Bond (2020 21).  The Reserve Bank of India announced in April that the government would announce the scheme in six installments from April 2020 to September.  That is, every month until September you will have the opportunity to invest in gold in the form of digital bonds.

Cheaper than the market price

Under the Sovereign Gold Scheme, the price of gold per gram is Rs.  4,852 are held.  It is much cheaper than the market price.  At present, the market price of gold is between Rs 48,283 and Rs 49,000.  Under this, those investors will get a discount of Rs 50 per gram, who will apply online and pay through digital medium.  That is, the bond price for such investors will be Rs 4,802 per gram.  So you can invest in 10 grams of gold for around Rs 48,000.  After the investment application, the bond will be issued to you on July 14.  Under this, 2.5 per cent annual interest will also be paid.

How to invest

 Under this scheme, you can buy gold in the form of bonds.  You can apply for this by going to the bank, designated post office, Stock Holding Corporation India, NSE and BSE.
 The term of this bond is eight years.  There is an option to opt out of interest payment date after the fifth year.  The investor can invest a minimum of one gram and a maximum of four kilograms of gold.

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