This article offers a brief summary of the key aspects of the Punjab National 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.
PNB India – Sovereign Gold Bond Scheme Features:
- The eligibility for the Bonds is limited to resident individuals, HUFs, Trusts, Universities, and Charitable Institutions.
- These Bonds will be issued in denominations of grams of gold, starting from a basic unit of 1 gram.
- The tenor of the Bond spans 8 years, allowing an exit option from the 5th year onwards on the interest payment dates.
- The minimum permissible investment is set at 1 gram of gold, while the maximum subscription limit stands at 4 KG for individuals, 4 KG for HUFs, and 20 KG for trusts and similar entities per fiscal year notified by the Government (April-March).
- In joint holdings, the 4 KG investment limit applies to the first applicant. Investors will receive fixed compensation at a rate of 2.50% per annum, paid semi-annually on the nominal value.
- Furthermore, these Bonds will be tradable on stock exchanges.
How to invest?
Click here to invest in the Punjab National 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.