BondsIndia declared winner of the "Rising star - Investment Leader of the Year” & the "Most Innovative Investment Management Company of the Year”

Delhi, India -- (SBWIRE) -- 09/18/2022 -- BondsIndia, a fast-growing and popular fintech platform was awarded the BFSI Leadership Awards 2022 in two different categories. BondsIndia was declared the winner in the "Most Innovative Investment Management Company of the Year" category for its remarkable technology integration making access to bonds hassle-free for the investors in the retail segment.

The award in the 'Most Innovative Investment Management Company of the Year' category appreciates the investor's education initiatives, consistent efforts, and strategic planning executed to innovate, redefine, and reinvent their online platform, payments, technologies, processes, products, and experiences. It rewards the effort put in to make investors enjoy hassle-free access to bonds and other investment products in the fixed income segment.

BFSI Leadership Awards that recognize excellence in the field of technology, digitization, and innovation honored BondsIndia among many companies across the fintech sector, yet again, for the second time in a row. Mr. Ankit Gupta, Founder BondsIndia was chosen winner of the "Rising Star - Investment Leader of the Year" by the jury of the BFSI Awards 2022. This award focuses on identifying and recognizing innovative thoughts, and considerable contributions made towards promoting accessible investment products for customers, industry, and society at large.

"The company was honored with two excellence awards in the highly competitive categories. This recognition from an established platform like BFSI Leadership Awards will surely boost our motivation to put in extra effort and never stop doing that. I would like to dedicate these awards to my BondsIndia family for their brilliance. I don't think I could have a better team than my existing team. The understanding and teamwork were just phenomenal", said Mr. Ankit Gupta, Founder BondsIndia.

He further added, "I would like to extend my special thanks to the jury of the BFSI Awards 2022 for their trust and honor for being nominated and selecting BondsIndia WINNER of the two prominent awards. It is a proud moment for me and my company BONDSINDIA."

BondsIndia Journey to the BFSI Leadership Awards

The path to these prestigious awards and emerging as a FINTECH COMPANY was not at all easy. We had to go through many challenges, and awkward situations, and deal with different complex situations. We continued working on our ideas and kept in mind our objective of making bonds accessible to retail investors in India with the integration of cutting-edge technology.

Over time, we were able to overcome the challenges with gradual persistence. Our consistent effort and passion to excel have helped us emerge as a respected fintech company and bag the "Most Innovative Investment Management Company of the Year" at the BFSI Leadership Awards 2022.

About BondsIndia
BondsIndia is an online platform popular among retail and institutional investors. The company aims at making bonds accessible to common investors. Our online bonds platform is secure, user-friendly, and professionally designed to give our users an unbelievable investment experience.

You can visit our website, create an account, complete your KYC online and get ready to invest in bonds. Within a couple of minutes, you can choose the high-performing bonds and initiate the payment transaction for the potential trade. At BondsIndia, you can find a host of other investment products, and sources to expand your knowledge about bonds. Visit www.bondsindia.com today for more information on our products and services.

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Sovereign Gold Bonds (SGB) has become a secure investment instrument for risk-averse investors. But understanding the taxability has become a daunting task for investors in the retail segment. Investors are found exploring answers to questions related to Sovereign Gold Bonds. The frequent questions include - Is the Sovereign Gold Bond taxable? What percent of the tax is charged? Does Sovereign Gold Bond attract TDS? Is the maturity tax-free?

Delhi, India -- (SBWIRE) -- 09/12/2022 -- The Experts at BondsIndia speak about how much and how Sovereign Gold Bonds are Taxed. You can get answers to all your questions here.

Understanding Sovereign Gold Bond Tax Calculations

The investors earn a fixed 2.5% annual interest on Sovereign Gold Bond (SGB). This interest income that is earned is taxable under the Income Tax Act, 1961. Thus, this is the answer to your question - Is the Sovereign Gold Bond taxable?

There are no TDS applicable on the interest you earn from your capital in gold bonds answers your question - Does Sovereign Gold Bond attract TDS? The investor while filing returns is required to declare this income and pay advance tax accordingly.

What percent of the tax is charged?

The interest that you earn from your investment in gold bonds in a fiscal year is counted under the category, of the income of the taxpayer from other sources. It is therefore taxed based on the tax slab rate the investor falls in. Customers falling in the tax bracket of 30%, end up paying the peak tax on the earned interest on Sovereign Gold Bonds.

The capital gains tax

"Sovereign gold bonds have a maturity period of 8 years, and the lock-in period is 5 years. The returns you gain post selling the SGB after completing the lock-in period and prior to completion of the maturity period comes under the Long-Term Capital Gains. The long-term capital gains attract a tax rate of 20% along with added cess and indexation benefits", said Mr. Ankit Gupta, Founder, BondsIndia.

The capital gains will be taxable in both these cases. First, when in Sovereign gold bonds there is the short-term capital gain (STCG) i.e., the sovereign gold bond is sold in a period less than 3 years from the date of purchase. Second, long-term capital gains (LTCG) if it is sold after holding it for more than 3 years. In the case of STCG, the tax on capital gains will be payable at the peak rate. On the other hand, the investor in the case of LTCG can choose to pay a flat rate of 10% tax or 20% post taking into consideration the benefit of indexation.

Sovereign Gold Bond Maturity - 8 years

The return you receive after the completion of an 8-year maturity period is completely tax-free. The Indian government has introduced this special tax benefit to make Sovereign Gold Bonds more attractive. It also aims at encouraging a greater number of investors to shift from physical gold to Sovereign Gold Bonds.

Sovereign Gold Bonds has emerged as one of the preferred investment options. Buying SGBs thus can prove to be an ideal choice.

About BondsIndia
BondsIndia is an online secure platform powered by innovative technology. It is a user-friendly and professionally designed website to ease access to bonds for retail investors.

At BondsIndia, you can start trading bonds within a couple of minutes. The registration and KYC process is simple, easy, and fast. You can enjoy easy navigation; choose the bonds you wish to buy and commence your payment transaction for the purchase. For more information on our products and listed bonds, visit bondsindia.com today.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

According to the expectation of analysts and Trading Economics global macro models the India Government Bond 10Y by the end of this quarter is expected to trade at 7.28 percent. The 10-year government bond yield rise has become a concern amid inflation for the investors in the market. To overcome the challenge of growing inflation, The RBI raised its key repo rate by 50 bps to 5.4% during its recent meeting in August.

Gurugram, India -- (SBWIRE) -- 09/07/2022 -- Indian government bond yields increased on 23rd Aug, Tuesday following the 10-year U.S. Treasury yield that crossed the 3% threshold to reach a five-week high. The participants in the market are worried about the ongoing pressure of inflation. Experts in 2022 did expect the 10-year U.S. Treasury yield to rise at the end of the year between 1.5% and 2%. The yield during 2022 could go beyond this range. Long-term bonds are also in a slump.

The benchmark bond yield after ending at 6.80% in March touched a high of 7.50% in June. According to different news reports, traders are also anticipating debt issuance from states. The plan is to raise Rs. 6800 crores by selling 10- to 24-year bonds but the amount raised is less. It is half of the anticipated amount of Rs. 12000 crores. The 10-year government bond benchmark yield which was 7.2960% reached 7.2702% post the increase by 9 basis points over the previous three sessions on Monday. The RBI raised its repo rate by 50 basis points to 5.40% on Friday. Due to the rise in the two trading sessions by 19 basis points, the 10-year benchmark bond yield ended at 7.35% on Monday. The U.S. Federal Reserve since March has increased interest rates by 225 basis points that including two consecutive 75 basis point increases in the months of June and July. The chances of the Fed raising rates by another 75 basis points the following month are marginally higher than those of rises of 50 basis points, according to the CME FedWatch Tool.

BondsIndia expects the India Government Bond 10Y to trade at 7.28% by the end of this quarter. The Reserve Bank of India in its latest policy review raised the key repo rate by 50 basis points with the aim to tame soaring inflation. The repo rate now stands at 5.4% will also have an impact on home loans. There can be a rise in interest on home loans again after trending at multi-decade lows. Minutes from a rate-setting meeting that highlighted concerns on inflation outlooks that the Reserve Bank of India's monetary policy committee members and market investors have remained cautious.

In the month of July, consumer inflation in India slowed for the third consecutive month, decreasing to 6.71%, but still above the RBI's mandated goal range of 2-6% for a seventh consecutive month. As inflation worldwide remains highly uncertain, it was essential to bring it down to help sustain economic growth over the medium term. Inflation in the Retail price for a 7th straight month in July remained above the RBI's target range of 2%-6%. The Reserve Bank of India during its August meeting raised its key repo rate by 50 bps to 5.4%, the third-rate hike in a row to combat increasing pricing pressure.

According to Reuters, markets now see the repo rate to be hiked to at least 6% by December 2022.

About BondsIndia

We are a fast-growing company engaged in offering a dedicated online platform for trade in bonds and other fixed-income securities. We provide a range of products and a secure platform loaded with great features.

BondsIndia also runs investor education programs under its investor's education initiative to help retail investors in India take informed decisions. We believe in transparency and aim at offering contented services always. Visit bondsIndia.com for more information about us.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm