News From Press NRIs can now invest in Sovereign Green Bonds this new way; Know how the impact on taxation of gains

NRIs can now invest in Sovereign Green Bonds this new way; Know how the impact on taxation of gains

Source: ET Wealth Sep 14, 2024

The scheme for eligible individuals to invest in Sovereign Green Bonds (SGrB) through the International Financial Services Centre (IFSC) was announced by the Reserve Bank of India (RBI) on August 29, 2024. IFSC is located in GIFTY city in Gandhinagar, Gujarat. Non-resident Indians (NRIs) wishing to invest in long-term Indian government bonds can now do so through the IFSC route in SGrB.

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