Sovereign Gold Bonds 2020-21-Series-VII

Sovereign Gold Bonds 2020-21-Series-VII opens on Monday and the issue price has been fixed at ₹5,051 per gram.

Sovereign Gold Bonds 2020-21-Series-VII, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from October 12, 2020 to October 16, 2020. The Bonds will be issued on the October 20, 2020. The issue price is ₹5,051 per gram of gold. Special discount of ₹5,001 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 ₹5,001 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