Sovereign Gold Bond (2020-21) subsciption has started

Sovereign Gold Bond issued by RBI on behalf of  government of India. SGB offers investment in gold in digital form(alternative for physical gold).Five tranches has already been released this year. First tranche was released on 20th April, 2020. This year's last and 6th tranche's subscription and issuance details are below:

Date of Subscription: 31st August 2020 -4th September 2020

Date of issuance: 8th  September 2020  

Tranche: 2020-21 Series VI

Some relevant information: 

Additional interest of 2.5%  annually on the nominal value of the bond.

Payment can be done by cheque,Demand Draft or internet banking.

Loan can be taken against bond.

Maturity period: 8 years (Exit option available after 5 years)

Capital gain tax exempted for individual on maturity.

Minimum Buy: 1 gram of Gold

Maximum Buy: 4 KG of Gold for individual

If anyone buying using digital mode, their is a discount of Rs 50.

Source: RBI notification

Comments

  1. sunil kumarAugust 30, 2020 at 8:35 AM

    issue price for 1 gram is Rs 5117( Rs 5067/gram if buying online,Rs 50 discount per gram)

    ReplyDelete

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