We provide two types of SGB investment calculators that you can choose based on the type of SGB investment.
If you are purchasing an SGB directly from the RBI(Primary Market), you should use the
Primary
Sovereign Gold Bond calculator.
The RBI assigns a series name to every release. When you select the series name,
we will automatically fill in the price for the SGB.
You can then apply any applicable online
discounts if you made the purchase online.
By using the primary calculator, you not only receive the total interest, but also the
amount
you will receive in every credited month.
If you do not know the series name released by the RBI but you know the total amount invested, or if you are purchasing an SGB from the secondary market, typically through trading platforms like Zerodha, Groww, etc. (from any individual who already possesses an SGB), you should use the Secondary Sovereign Gold Bond calculator.
We offer two calculation methods based on primary market or secondary market purchase. Choose the one that suits you best.
There is a 2.5% interest on the amount you invest in SGB, whether you are buying from the Primary or Secondary market.
Simple Interest is used to calculate Sovereign Gold Bond interest.
Sovereign Gold Bond interest is credited twice a year based on your date of purchase. We provide you with the month of interest credit when you use the primary calculator for Sovereign Gold Bond interest.
Sovereign Gold Bond interest will be credited to your bank account semi-annually.
Yes, you are required to pay tax on SGB interest based on your tax slab when filing income tax returns. There is no TDS for SGB interest.