Sovereign Gold Bond (SGB) next tranche will be opened for subscription for period August 3-7, 2020. Sovereign Gold Bond 2020-21 is issued by RBI on behalf of the GOI. The issue price for the SGB has been fixed at Rs 5284/gm for electronic application (Rs 5334/gm for physical application).
The nominal value of the bond based on the simple average closing price for gold of the last three business days of the week preceding the subscription period.
Features :
The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.
The bonds are denominated in multiples of gram of gold with a basic unit of 1 gram.The minimum investment limit will be 1 gram and the maximum limit of subscription shall be 4 kg for individual, 4 kg for HUF and 20 kg for trusts universities and charitable institutions foy financial year (April-March).and the tenor of the SGB will be eight years with exit option after 5th year to be exercised on the interest payment date. SGB will be tradable on both excahnge.
The gold bond will be sold through banks, Stock Holding Corporation of India, designated post offices, and recognised stock exchanges (NSE and BSE).
