Sovereign Gold Bonds 2020-21-Series-II

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

Sovereign Gold Bonds 2020-21-Series-II Details
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
Sovereign Gold Bonds 2020-21-Series-II Preformance
ISIN IN0020200088
Retail Price ₹ 4,540
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,370
Interest Income* ₹ 472
Total Profit/Loss ₹ 3,302
Profit/Loss Percent 73 %

*Interest is calculated as on today