RBI announces issue of the second tranche of the Sovereign Gold Bonds (SGBs) scheme 2021-22. The subscription opens for public from May 24, 2021, and will close on May 28, 2021.
Issue price per gram of gold is Rs 4,792 for those investors applying online and the payment against the application is made through digital mode.The issue price for off-line subscriber is Rs.4842 per one gram of gold.The bond price per gram of gold is fixed in Indian rupees on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Ltd for the last three working days of the week preceding the subscription period.
The bonds will be denominated in multiples of gram (s) of gold with a basic unit of 1 gram. The tenor of the bond will be for 8 years with an exit option after the 5th year to be exercised on the next interest payment dates. The minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kilograms for individuals, 4 kilograms for HUF, and 20 kilograms for trusts and similar entities per fiscal (April-March).
The bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and National Stock Exchange and BSE. To know how to subscribe for Sovereign Gold Bonds click: guidelines
Related Post:
The Central Information Commission is a statutory body set up under the Right to Information…
The Right to Information Act, 2005 (RTI Act) has a section that states that its…
The Right to Information (RTI) Act, 2005 provides for two types of appeals in case…
Article 19 (1) under which every citizen has freedom of speech and expression and has…
Article 19 (1) under which every citizen has freedom of speech and expression and has…
A “public authority” is any authority body or institution of self-government established or constituted by…