The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021 as per the calendar specified below:
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 ?
Yes, that's the key question !
Issue Price
Rs. 4777 per/gm if you invest through cheque
Rs. 4727 per/gm if you invest online
But you don't worry ! If you have filled up the interest form, we will send you the immediate update on the pricing
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