Sovereign Gold Bonds 2020-21-Series-II opens on Monday and the issue price has been fixed at ₹4,590 per gram.
Sovereign Gold Bonds 2020-21-Series-II, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from May 11, 2020 to May 15, 2020. The Bonds will be issued on the May 22, 2020. The issue price is ₹4,590 per gram of gold. Special discount of ₹4,540 per gram for the investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of the gold bond will be ₹4,540 per gram of gold. Assured return of 2.50% PA payable half-yearly.
Retail Investor can invest Minimum 1 GM and Maximum 4 Kg. The 4Kg limit is per financial year. The Maximum limit of HUF is 4 Kg, Trusts and similar entities is 20 Kg
| Issue Opening Date | May 11, 2020 |
| Issue Closing Date | May 15, 2020 |
| Issue Price | ₹ 4,590 |
| Retail Discount | ₹ 50 |
| Retail Price | ₹ 4,540 |
| Allotment Date | May 22, 2020 |
| Interest | 2.50% PA - Paid half-yearly |
| Redemption Month | May, 2028 |
| Interest Payment Date | November 22, 2020 - May 22, 2021 |
| NSE Symbol | SGBMAY28 |
| ISIN | IN0020200088 |
| Retail Price | ₹ 4,540 |
| Interest | 2.50% PA - Paid half-yearly |
| LTP | ₹ 7,370 |
| Interest Income* | ₹ 535 |
| Total Profit/Loss | ₹ 3,365 |
| Profit/Loss Percent | 74 % |
*Interest is calculated as on today