Sovereign Gold Bonds Scheme 2021-22 Series VIII

Sovereign Gold Bond  2021-22 Series VIII will be open for subscription from Monday, November 29 2021 to Friday, December 03, 2021. In this regard, Product Note and Process flow for subscription and issuance of Sovereign Gold Bonds are as follows:

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Tranche	Period of Subscription
2021-22 Series VIII	Monday, November 29 2021 to Friday, December 03, 2021

Key Features

• The bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of 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.

• The bonds will be available both in demat and paper form.

• The tenor of the bond is for a minimum of 8 years with option to exit in 5th, 6th and 7th years.

• The bonds will carry sovereign guarantee both on the capital invested and the interest.

• The bonds can be used as collateral for loans.

• No STT or Capital Gains Tax (as per Government of India guidelines)

Advantages of Sovereign Gold Bonds

• Superior alternative to holding gold in physical form.

• Risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest.

• No issues like making charges and purity in the case of gold in jewellery form.

• Held in the books of the RBI or in demat form eliminating risk of loss of scrip etc.

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

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Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
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(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
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Research Excerpts
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Country Specific Disclosures
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Legal Entities Disclosures
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