New Delhi. The government is giving people the opportunity to buy cheap gold. Sovereign Gold Bond Scheme 2021-22 – The sale of Sovereign Gold Bond Scheme 2021-22 Series VIII has started from November 29, 2021. At the same time, the purchase of Sovereign Gold Bonds can now be done through the recently launched portal of the Reserve Bank of India (RBI). The RBI said in a statement on Thursday that the Sovereign Gold Bond Scheme 2021-22-Series-8 is on sale and can be purchased by visiting its new portal ‘RBI retaildirect.org.in’ (https://rbiretaildirect.org) .in).
Until now, Sovereign Gold Bonds were sold only through commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, recognized stock exchanges, NSE and BSE recognized stock exchanges. But for those who are buying sovereign gold bonds, the RBI portal has become a new option.
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The portal was inaugurated by Prime Minister Modi
The new portal was inaugurated by Prime Minister Narendra Modi last month. One can directly purchase Treasury Bills, Securities, Sovereign Gold Bonds and State Development Loans (SDLs) through this portal.
You need to open an RDG account with the Reserve Bank
Under RBI’s new scheme, retail investors will be able to open RDG accounts online. These accounts can be linked to investors’ savings accounts. The Retail Direct Gilt (RDG) account can be used to be part of the process of issuing government securities and to participate in secondary market activities.
Tags: make money, Gold, Investment Tips, Prime Minister Modi, RBI, Sovereign gold bonds