Sovereign Gold Bond Scheme 2020-21 Series 6: The sixth series of Sovereign Gold Bond is being launched by Reserve Bank of India from August 30 for the financial year 2020-21. Its subscription will run till September 3 and the issue price will be Rs 4732 per gram.
Sovereign Gold Bond Scheme 6: Once again you are getting a chance to buy cheap gold. The sale of the fifth series of Sovereign Gold Bond Scheme 2021-22 is starting from 30 August. The subscription for this will start from August 30, which will run till September 3. Sovereign Gold Bond is issued by the RBI on behalf of the government. Let us know how and from where you can buy it.
Know what is the rate?
The issue price for gold bonds has been fixed at Rs 4,732 per gram. During this you will be able to buy gold at a lower price than the market. 50 rupees per gram will be available separately for making online or digital payment. According to RBI, the issue price of gold bonds for such investors will be Rs 4,682 per gram. Earlier, the government had announced to issue government gold bonds in six installments between May 2021 and September 2021. RBI issues bonds on behalf of the Government of India.
Where can I buy Sovereign Gold Bonds?
According to the ministry, all banks, except Sovereign Gold Bond Small Finance Bank and Payment Bank, Stock Holding Corporation of India (SHCIL), designated post offices, recognized stock exchanges, National Stock Exchange of India Limited (NSE) and Bombay Can be bought from Stock Exchange Limited (BSE).
After how many years maturity
The maturity of Sovereign Gold Bond is 8 years. But after five years, you can exit from this scheme on the next interest payment date. In Sovereign Gold Bond, the investor is required to invest at least one gram of gold. If needed, the investor can also take a loan against the sovereign gold bond, but the gold bond will have to be pledged.
Who can buy Sovereign Gold Bond?
Any individual and Hindu undivided family can buy gold bonds up to a maximum value of 4 kg. For trusts and other similar institutions, this limit has been kept up to the equivalent price of 20 kg of gold. Sovereign Gold Bond can also be bought as a joint customer. It can also be bought in the name of a minor. In the case of a minor, his parent or guardian has to apply for the Sovereign Gold Bond.
