Sovereign Gold Bonds 2021-22-Series-VII opens on Monday and the issue price has been fixed at ₹4,761 per gram.
Sovereign Gold Bonds 2021-22-Series-VII, issued by the Reserve Bank of India (RBI) on behalf of the government of India, will be open for subscription from October 25, 2021 to October 29, 2021. The Bonds will be issued on the November 2, 2021. The issue price is ₹4,761 per gram of gold. Special discount of ₹4,711 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 ₹4,711 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
Issue Opening Date | October 25, 2021 |
Issue Closing Date | October 29, 2021 |
Issue Price | ₹ 4,761 |
Retail Discount | ₹ 50 |
Retail Price | ₹ 4,711 |
Allotment Date | November 2, 2021 |
Interest | 2.50% PA - Paid half-yearly |
Redemption Month | October, 2029 |
Interest Payment Date | May 2, 2022 - November 2, 2022 |
NSE Symbol | SGBNV29VII |
ISIN | IN0020210178 |
Retail Price | ₹ 4,711 |
Interest | 2.50% PA - Paid half-yearly |
LTP | ₹ 7,360 |
Interest Income* | ₹ 369 |
Total Profit/Loss | ₹ 3,018 |
Profit/Loss Percent | 64 % |
*Interest is calculated as on today