Sovereign Gold Bond (SGB) Scheme 2021-2022
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds Scheme 2021-22, Series VII, VIII, IX and X. Under the scheme there will be a distinct series (starting from Series VII) for every tranche.
Date of issue :
The date of issuances shall be as per the details given in the calendar below :
The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above.
Basic Details of SGB :
The gold bonds will be denominated in multiples of gram(s) of gold with a basic unit of one gram. The minimum permissible investment will be one gram of gold during the subscription window.. The tenor of the bond will be for a period of 8 years with exit option after fifth year. The minimum investment in the gold bonds shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities.
Key Benefits :
The Sovereign Gold Bond will provide an assured return of 2.50% per annum payable semi-annually on the nominal value. The bond will be tradable on exchanges, if held in demat form. These securities are also eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). You can sell the Bond on or before maturity , on the available market price, if its higher than your purchase cost.
SAFETY : This bond is issued by Government of India in collaboration with RBI, hence carries sovereign guarantee . Your investments are 100% secure.
LIQUIDITY : You can sell your Bonds anytime on the authorised stock exchange, on the prevailing market price, in case you need money or you are getting higher price
RETURNS : You will get a guaranteed return of 2.5% p.a , which is paid semi-annually as a payout. Such interest will be added in your Income Tax Slab
What is going to be the Issue Price ?
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