How is interest on SGB calculated and paid?
SGBs come with a fixed interest rate of 2.50% p.a. based on the initial investment. This interest is disbursed semi-annually directly into the investor's bank account. To illustrate, if Mr. M invests ₹10,00,000 in an SGB issue, he will earn an annual interest of ₹25,000 (2.5% of ₹10,00,000). This amount will be distributed in two instalments every six months to Mr. M's designated bank account.
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Can I buy SGB in the trading platforms?
Absolutely! SGBs can be traded in the secondary market using our trading platforms, namely, Fyers Web, Fyers Next, Fyers App and Fyers EA. For detailed steps on applying for new SGB issues, kindly refer to the this article.