SGB Calculator

SGB Calculator

SGB calculator is an online tool that helps investors calculate the returns on their SGB investment. It takes into account various factors such as the investment amount, interest rate, and tenure to provide an estimate of the returns.

How to Use SGB Calculator?

1. Select the Series: Choose the Sovereign Gold Bond series you have invested in or plan to invest in.
2. Enter the Number of Units: Input the number of units you have purchased or plan to purchase.
3. Select the Tenure: Choose the tenure of your investment, which can range from 1 to 8 years.
4. Enter the Latest Gold Rate: Input the current gold rate to get an estimate of the returns.
5. Click Calculate: The calculator will provide an estimate of the returns, including the interest earned and the maturity amount.

Example

Let's consider an example to demonstrate how to use the Sovereign Gold Bond calculator:

Suppose you invested ₹62,630 in SGB Series 2023-24, with a tenure of 5 years, and the latest gold rate is ₹74,000 per 10 grams.

Using the Sovereign Gold Bond calculator, you can calculate the returns as follows:

• Investment Amount: ₹62,630
• Interest Earned in 5 years: ₹7,828.75
• Maturity Ampunt based on latest gold rate: ₹74,000.00
• Return on Investment (ROI) in these 5 years including mautrity amount + interest: ₹30.65%

Sovereign Gold Bond (SGB) Investment: A Comprehensive Guide

Sovereign Gold Bond (SGB) is a type of government-backed investment scheme that allows individuals to invest in gold. It was launched by the Government of India in 2015 to encourage people to invest in gold and reduce the country's reliance on gold imports. SGB investment is a convenient and cost-effective way to invest in gold, as it eliminates the need to physically hold the metal.

FAQs

What is the minimum investment required for Sovereign Gold Bond?

The minimum investment required for Sovereign Gold Bond is the price of 1 gram of gold.

What is the maximum investment limit for Sovereign Gold Bond?

The maximum investment limit for Sovereign Gold Bond is 4kg worth of gold.

What is the interest rate offered on Sovereign Gold Bond?

The interest rate offered on SGB is 2.5% per annum. Which gets credited half yearly.

Can I withdraw my Sovereign Gold Bond investment before maturity?

Yes, after fifth years from the date of issue on coupon payment dates you can withdraw your investment.