Sovereign Gold Bonds - Good way to invest in Gold - Issue Opens on Aug 9 , 2021 - Issue Price - Rs 4740 /gram

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Sovereign Gold Bond Scheme 2021-22 – Series V ( Tranche 54 ) closed for Bidding today i.e. 12th August’2021 at 5.00 pm




 

Sovereign Gold Bonds - Good way to invest in Gold - Issue Opens on Aug 9 ,2021


Sovereign Gold Bond (SGB)

 

 Investing in gold is much more easy and convenient now. With the Government of India's Sovereign Gold Bonds Scheme you can earn an assured interest rate eliminating risk and cost of storage. 

 

Subscription Period

Issue Price per gram (₹)

Investment limit for Individuals

Interest per annum

Date of Issuance

Aug 9 to Aug 13,2021

 

Rs 4740* 


Minimum:1 gram

Maximum:4 Kg*

2.50%


Aug 17  ,2021

(* Price for Online Investors) 

 

 

Maximum limit for Hindu Undivided Family(HUF): 4 Kg.

Trusts and similar entities : 20 Kg.

Above limits are subject to change as per notification from Government through RBI

 


                                        Taxation - Sovereign Gold Bond vs Physical Gold  ||  Watch video for more details


Process to be  followed to apply online

 Step 1 : Fill the registration form https://bit.ly/2ZFJA4L

  Step 2 : Upload the cancelled cheque & signature

 Step 3 :After uploading , email the demat proof ( Client master /Holding Statement)  

Step 4 While sending email, Kindly mentioned pan no of investors& quantity to be purchased

 (This process is only valid for Individuals) 



Sovereign Gold Bond Features


Eligibility:

 

The bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable institutions.

 

Denomination:

 

The bonds will be denominated in units of one gram of gold and multiples thereof.

 

Minimum size:

 

Minimum permissible investment will be 1 gram of gold.

 

Maximum limit:

 

Maximum limit of subscription shall be of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time

 

Interest rate:

 

The investors will be paid Interest on the amount of initial investment at the rate notified by RBI for a particular tranche at the time of its launch and is payable semi-annually.

 

Tenor:

 

The tenor of the bond will be for a period of 8 years with an exit option from 5th year onwards to be exercised on the interest payment dates.

 

Redemption:

 

Redemption price shall be fixed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.

 

*May change from issue to issue

 

 


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