This article offers a brief summary of the key aspects of the HDFC Bank’s Sovereign Gold Bond schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
HDFC – Sovereign Gold Bond Features:
- Issued by the Reserve Bank of India on behalf of the Government of India, these bonds are denominated in multiples of grams of gold, with 1 gram as the basic unit.
- The bond’s tenure spans 8 years, allowing an exit option after the 5th year, to be exercised on the interest payment date.
- The minimum investment required is 1 gram of gold, and individuals and HUFs have a maximum subscription limit of 4 KG, while trusts, universities, and charitable institutions have a limit of 20 KG.
- These bonds offer a fixed interest rate of 2.5% on the initial investment amount.
How to invest?
Click here to invest in the HDFC Bank’s Sovereign Gold Bond schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.