Sovereign Gold Bonds 2020-21-Series-VIII

Sovereign Gold Bonds 2020-21-Series-VIII opens on Monday and the issue price has been fixed at ₹5,177 per gram.

Sovereign Gold Bonds 2020-21-Series-VIII, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from November 9, 2020 to November 13, 2020. The Bonds will be issued on the November 18, 2020. The issue price is ₹5,177 per gram of gold. Special discount of ₹5,127 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 ₹5,127 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-VIII Details
Issue Opening Date November 9, 2020
Issue Closing Date November 13, 2020
Issue Price ₹ 5,177
Retail Discount ₹ 50
Retail Price ₹ 5,127
Allotment Date November 18, 2020
Interest 2.50% PA - Paid half-yearly
Redemption Month November, 2028
Interest Payment Date May 18, 2021 - November 18, 2021
Sovereign Gold Bonds 2020-21-Series-VIII Preformance
ISIN IN0020200286
Retail Price ₹ 5,127
Interest 2.50% PA - Paid half-yearly
LTP ₹ 7,312
Interest Income* ₹ 470
Total Profit/Loss ₹ 2,655
Profit/Loss Percent 52 %

*Interest is calculated as on today