Sovereign Gold Bond 2020-21 – Issuance and Subscription-Series VI
This is to inform you all that Government of India has notified the launch of Sovereign Gold Bonds
Scheme 2020-21 – Series VI for fresh subscription from August 30, 2021 to September 3, 2021.
Details of SGB Scheme are as under:
| Symbol | SGB212206 |
| Series | GB |
| Open Date | Monday, Aug 30,2021 |
| Close Date | Friday, Sept 03 ,2021 |
| Rate (price per gram) | Rs.4,682/- Per Gram (for applying online & payment in digital mode)Rs.4,732/- Per Gram through Other Mode |
| Minimum Quantity | 1 gram |
| Maximum Quantity | 4000 grams |
| Bid Quantity Multiple | 1 |
| Bidding Session Time | 9.00 A.M. to 5.00 P.M. |
| Rate of Interest | 2.50% per annum on the amount of initial investment.It shall commence from the date of its issue and is payable every 6 months. |
Salient Feature(s) of Sovereign Gold Bonds Scheme are:
Ø SGBs are Government securities denominated in grams of gold (1 unit = 1 gram)
Ø Issued by the Reserve Bank of India on behalf of the Government of India
Ø Investors will earn returns linked to gold price.
Ø Additionally fixed interest of 2.50% p.a. payable semi-annually on the amount of initial investment.
Ø Bonds will carry sovereign guarantee both on redemption amount and on the interest.
Ø Minimum investment: 1 gram. Maximum investment: 4000 grams
Ø Available in DEMAT
Ø Tradable on Exchange (NSE/BSE)
Ø Tenure: 8 years with an exit option from 5th year onwards
Process for Applying for SGB : Call 9814214064
