The Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI, provides insurance coverage for deposits up to Rs 5 lakh in case of a bank's failure.
The interest earned on SGBs is added to the annual income of the investor, and then, this income is taxed as per applicable tax slabs.
How much rate of interest is levied on loan against Sovereign Gold Bonds?
How can you open online FD? What are the benefits? How to invest large corpus in FDs?