In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 – Series III will be open for subscription for the period from May 31, 2021 to June 04, 2021. The nominal issue price per gram of gold for off-line subscriber is Rs.4889 (Rupees Four thousand eight hundred and eighty-nine only). 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 for the last three working days of the week proceeding the subscription period i.e. May 26, May 27 and May 28, 2021. [As published by the India Bullion and Jewellers Association Ltd (IBJA)]
The issue price for those investors applying online and the payment against the application is made through digital mode will be Rs 4839 per gram of gold (with Rs.50 discount).
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:
