Sovereign Gold Bond: What happens when SGB investor’s resident status changes to NRI – What are SGBs?

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The investor receives the current market price for the gold at the time of redemption or early redemption, thus the amount of gold for which he paid is safeguarded. Better than real gold storage, the SGB provides an excellent option. It eliminates storage-related dangers and expenses.

At the time of maturity and periodic interest, investors are guaranteed the market value of gold. Concerning the purity of gold in jewellery form, SGB is unaffected by problems such as manufacturing charges. The risk of losing scrip, etc., is eliminated because the bonds are kept in the RBI’s records or in demat form.



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