Fixed Deposits & Bonds
Fixed Deposits
It is a good idea to earn better Interest on Idle Funds by investing in Fixed Deposits, Fixed Deposit carry almost Nil risk with assured return.
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Sovereign Gold Bonds
Sovereign Gold Bond (SGB) is a digital form of 24-carat pure gold issued by the RBI on behalf of the Government of India.
Benefits of Investing in Gold through Sovereign Gold Bond
• 2.5 % assured annual interest payable half yearly
• INR 50/ discount per gram for online purchase
• No Long term Capital Gain tax if held till maturity (8 Yrs)
• No GST and maintenance charges (Savings on GST vis a vis buying physical gold)
• Tradable on NSE / BSE
• Assurance of Purity
• Guaranteed by Government of India
• Can be held in DMAT or Physical paper form just like shares, No safe keeping security risk as in case of Gold held in Physical Form (Lockers are not Insured, In case of any theft there is no compensation for loss).
• Dematerialized Sovereign Gold Bond as collateral during a loan application. Authorized Banks, financial institutions, and also Non-Banking Financial Companies (NBFC) offers loan against Sovereign Gold Bond.
• Nomination Facility - an investor can put nominee information. SGB allows adding up to two individuals as nominees with separate unit allocations.
Other Bonds
Bonds are Good Alternative of Fixed Deposits with greater Liquidity. There are different types of Bonds to suit particular Investment Needs.
Bonds commonly bought can be categorised as follows:-
- Government Bonds (Treasury Bonds)
- RBI Bonds
- Corporate Bonds
- Capital Gains Bonds
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