Bonds
Dear Clients!
Greetings For The Day.
Please find attached the new _*RBI Floating Rate Savings Bonds, 2020 (Taxable)*_
*Kindly note that the application form has been revised with the following changes incorporated in the application form*
1. Signature of the customers included in 1st page of the application form in addition to the signature portion on the 2nd page.
2. HUF declaration portion has been modified to include details of co-parceners on the 4th page.
3. In the Terms & Conditions on the 4th page, the following points have been included:
A. Beneficiary Bank A/c and address details will be maintained at BLA level and not at Investment level and the latest Bank mandate from the customer will supersede all the earlier bank mandate
B. Confirmation by the customer of having understood that the application in FRSB is not for availing Capital Gains Tax exemption.
C. Inclusion of latest Income Tax guidelines in respect of higher TDS deduction due to PAN- Aadhaar not linked (w.e.f 1st April 22) - as per Section 139AA of Income Tax Act and non-filing of Income Tax returns for last 2 years as per Section 206AB of Income Tax Act.
D. Intimation to the customer for submission of Tax waiver documents during the start of the FY or one month before the actual interest payout date/ maturity date
E. In Rights of Investors on the 6th page, we have indicated that the certificate can be issued in electronic form or physical form.
*Presenting Sovereign Gold Bonds, the best form of Gold Investment*
*Issue Price :* Rs. 4,761 - Rs. 50 = Rs. 4711
Issue Dates:
Invest Now:*
*Why Invest in SGB?*
▪️ Gold linked returns
▪️ 2.5% Interest p.a. on Investment
▪️ 0% Capital Gains Tax on maturity (for Individual Investors)
▪️ No Purchase or Annual cost
▪️ Rs. 50 Online Discount per Gram
▪️ Hedge against inflation
▪️ Listed on stock exchanges
▪️ Securely held in Demat form
▪️ Eligible as collateral for loans
*ISec Research Review*
▪️ Gold expected to touch Rs.65,000/ 10 gms
▪️ Historical Annualized return of Gold since 1974 is 8.8%
▪️ 5- 15% allocation to gold is recommended to diversify & enhance portfolio performance
