Government of India via. RBI has issued a Notification (Circular)
on 9th Oct, 2020, announcing Issuance of Series VII to Series XII of SGB for FY 2020-21.
Issuance of Sovereign Gold Bond Scheme 2020 -2021 (Series-X) by RBI:
|Issue Price for Online Mode||Rs. 5,054/- Per Gram (for applying online and payment in digital mode)|
|Issue Price for Other Mode||Rs. 5,104/- Per Gram|
|Issue Period||11th January, 2021 to 15th January, 2021|
|Bidding Session Time||10.00 A.M. to 5.00 P.M.|
|Minimum Bid Quantity||1 (gram)|
|Maximum Bid Quantity||4,000 (grams) for Individual, HUF &
20,000 (grams) for Trust and similar entities notified by Govt.**
*If you apply through online mode you get a Rs.50/- discount.
(*) The Maximum Limit subscribed shall per fiscal (Apr-Mar) notified by the Government from time to time. Annual ceiling include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market.
Appreciation of Gold + Interest of 2.5% p.a. on the issue price (interest payable on half-yearly basis)
Sovereign Guarantee on redemption of money (principal) as well as on the interest earned.
Tenure of 8 years with exit options in 5, 6 & 7 year. Tradeable on stock exchanges from the date to be notified by RBI.
Exemption from Capital Gains Tax on redemption. No TDS Applicable on Interest paid.
Will be provided on Long Term Capital Gains arising to any person on transfer of bond.
Accepted as collateral – Can be kept as collateral / security against Secured Loans.
*Please consult your Tax consultant for Taxation purposes.