Lifetime FREE Credit Card with 10X rewards
Most Searched
Top Products
Popular Searches
Bank Accounts
Populer FAQs
Signature is important and it is required to avail various products and services. To upload your signature
1. Go to More
2. Select Customer Service Dashboard
3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
That's easy! Follow these steps to track your service requests:
1. From the home page of the app, tap on "Customer Service" section
2. Scroll down to "Track my service requests" to find all your requests
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account NowEnjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply NowIn India, gold has always been considered as one of the best investment options. It is culturally relevant and a critical part of most festivals and celebrations. Many believe that gold brings luck and good fortune. However, it does have some limitations, especially if bought as jewellery, coins, or bars. For one thing, physical gold is difficult to store safely. A bank locker can be quite expensive, while keeping gold at home can be risky. Gold jewellery also comes with extra costs, such as making charges.
Sovereign Gold Bonds eliminate all these hassles and offer better investment opportunities, safety, and ease of storage. This gold bond scheme is an excellent substitute for physical gold. Read on to learn more about it and whether you should invest in it.
A Sovereign Gold Bond is a type of bond issued by the Reserve Bank of India (RBI). The Government of India introduced it in November 2015 under the Gold Monetisation Scheme as an alternative to physical gold. It is denominated in grams, with each bond equating to one gram of gold. You can invest in them through a nationalised bank, scheduled private or foreign bank, or post office. You can also invest through the Stock Holding Corporation of India Ltd. (SHCIL) as well as authorised stock exchanges.
For instance, IDFC FIRST Bank offers Sovereign Gold Bonds with physical and Demat holding options for resident individuals, Hindu Undivided Families (HUFs), and registered entities such as trusts, universities, and charitable institutions. You can invest in a gold bond online or walk into any of the bank branches.
Here are some key features of Sovereign Gold Bonds.
Here are some advantages of investing in Sovereign Gold Bonds.
The following investors can invest in Sovereign Gold Bonds.
Several types of investment options are available in the market. However, the advantages of investing in gold cannot be stressed enough. Gold is revered in Indian culture and has been a solid financial asset across generations. New-age options like Sovereign Gold Bonds further strengthen the importance and relevance of gold in financial security. With gold linked return, lower risk, assured purity, and government-backed security, these bonds can undoubtedly be an excellent addition to your portfolio.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.