I am trying to track the interest that we get from SGB bond. I have a SGB AUG 27. Around what date Can i see credit in my bank account.
With what name entry will come into my bank ledger ?
Does the interest come twice per year ?
I am trying to track the interest that we get from SGB bond. I have a SGB AUG 27. Around what date Can i see credit in my bank account.
With what name entry will come into my bank ledger ?
Does the interest come twice per year ?
Interest will be credited twice a year. Entry particulars will be something like this -
NEFT - NSDL/CDSL - (Account Number) - (Bank Name) - Account Number
The interest payment for SGB is done twice per year, every 6 months from date of issuance. You can check the issuance date for SGBs here: Reserve Bank of India
The payment is done by CDSL/NSDL, so you should see bank entry by their name plus details of bond etc. Depositors also send email, explained here:
twice a year with 2.5% return after every 6 months?
The 2.5% interest is per annum. For 6 months it’ll be 1.25%.
thanks