Sovereign Gold Bonds 2020-21-Series-III

Sovereign Gold Bonds 2020-21-Series-III opens on Monday and the issue price has been fixed at ₹4,677 per gram.

Sovereign Gold Bonds 2020-21-Series-III, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from June 8, 2020 to June 12, 2020. The Bonds will be issued on the June 16, 2020. The issue price is ₹4,677 per gram of gold. Special discount of ₹4,627 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 ₹4,627 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-III Details
Issue Opening Date June 8, 2020
Issue Closing Date June 12, 2020
Issue Price ₹ 4,677
Retail Discount ₹ 50
Retail Price ₹ 4,627
Allotment Date June 16, 2020
Interest 2.50% PA - Paid half-yearly
Redemption Month June, 2028
Interest Payment Date December 16, 2020 - June 16, 2021
Sovereign Gold Bonds 2020-21-Series-III Preformance
ISIN IN0020200104
Retail Price ₹ 4,627
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,326
Interest Income* ₹ 473
Total Profit/Loss ₹ 3,172
Profit/Loss Percent 69 %

*Interest is calculated as on today