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RBI new scheme: Common investors can open a Retail Direct Gilt RDG account with RBI to buy government bonds. These bonds are government securities G-Secs. Gold bond prices are linked to the price of gold. These bonds can be held till maturity and earn interest from time to time. If investors wish, they can sell the bonds even before maturity. These bonds are issued by the central and state governments, so the risk involved is very low. Know what was announced now?
RBI Governor Shaktikanta Das giving information about the decisions of MPC.
Said in his speech that RBI is going to launch mobile app in Retail Direct. Additionally, a mobile app for GILT Invest will also be launched.
- At present, an account for this scheme can be opened through a portal of RBI. For this, an OTP is sent to the investor's mobile number or email.
- For this, it is necessary for the investor to have a bank account. To open an account, it is necessary to have PAN number.
- Besides, there should also be valid documents like driving license, voter ID card or Aadhaar. NRIs can also invest in this bond. Those who want to invest in the bonds can make the payment through net banking or UPI.
- Tax benefits will not be available on government bonds. Just as the facility of tax exemption is available on small savings schemes like Public Provident Fund or NPS.
- This facility will not be available on government bonds. Tax will have to be paid on the interest received on government bonds as per the slab.
- If you buy such bonds through mutual funds, you may have to pay additional tax. Interest income from bonds and mutual funds will be added and taxed accordingly. However, no tax will be levied until it is redeemed.
- Through this system of RBI, bonds up to Rs 5 crore can be purchased. Bonds worth less than this can also be purchased. In this segment, the Reserve Bank has set a limit of Rs 10,000 for retail investors, at which the minimum bond can be purchased. This bond of RBI can be sold before maturity.
- Bonds issued by the government are called government bonds. From an investor's point of view, bonds are considered quite safe. Especially government bonds are very safe. The reason is that there is a government guarantee on these.
- The bond of the company is secured according to its financial position. This means that if the financial condition of the company is strong then its bonds will also be safe. If the financial condition of the company is not good then its bonds are not considered good in terms of security.
- A company's bonds are called corporate bonds. Interest is paid on bonds at a predetermined rate. This is called coupon. Since the interest rate of a bond is already fixed, it is also called a fixed rate instrument. This interest rate is fixed during the term of the bond. There has been no change in this.
