Sovereign Gold Bonds 2020-21-Series-IX

Sovereign Gold Bonds 2020-21-Series-IX opens on Monday and the issue price has been fixed at ₹5,000 per gram.

Sovereign Gold Bonds 2020-21-Series-IX, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from December 28, 2020 to January 1, 2021. The Bonds will be issued on the January 5, 2021. The issue price is ₹5,000 per gram of gold. Special discount of ₹4,950 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 ₹4,950 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-IX Details
Issue Opening Date December 28, 2020
Issue Closing Date January 1, 2021
Issue Price ₹ 5,000
Retail Discount ₹ 50
Retail Price ₹ 4,950
Allotment Date January 5, 2021
Interest 2.50% PA - Paid half-yearly
Redemption Month January, 2029
Interest Payment Date July 5, 2021 - January 5, 2022
Sovereign Gold Bonds 2020-21-Series-IX Preformance
ISIN IN0020200377
Retail Price ₹ 4,950
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,353
Interest Income* ₹ 438
Total Profit/Loss ₹ 2,841
Profit/Loss Percent 57 %

*Interest is calculated as on today