*Please consult your Tax consultant for Taxation purposes.
Sovereign Gold Bonds are issued by RBI on behalf of Govt. of India
|Fixed Regular income||Yes through interest payment every six months||Not available||Not available|
|Capital Appreciation /Decline as per gold prices||Yes||Yes||Yes|
|Annual Fund management fee||Nil||Nil||Yes|
|Purity of gold||High||Not assured||High|
|Storage Cost||Nil||High locker charges||Nil|
|Full value for quantity held on selling||Yes||Not assured, deductions possible||Yes|
|Tax Benefit||No tax on capital gains on maturity||Long term capital gains tax applicable||Long term capital gains tax applicable|
|Indexation benefit if sold after 3 years||Yes||Yes||Yes|
Bonds will be issued in four Tranches from October 2021 to March 2022 as per the calendar specified below:
|Sr. No.||Tranche||Date of Subscription||Date of Issuance|
|1||2021 - 22 Series VII||October 25 - 29, 2021||November 02, 2021|
|2||2021 - 22 Series VIII||November 29 - December 03, 2021||December 07, 2021|
|3||2021 - 22 Series IX||January 10 - 14, 2022||January 18, 2022|
|4||2021 - 22 Series X||February 28 - March 04, 2022||March 08, 2022|
|Issue serial number||GB|
|Issue Price for Online Mode||Rs. 4,711/- Per Gram (For investors applying online and the payment against the application is made through digital mode)|
|Issue Price for Other Mode||Rs. 4,761/- Per Gram|
|Issue Period||October 25, 2021 to October 29, 2021|
|Bidding Session Time||10.00 A.M. to 5.00 P.M.|
|Minimum Bid Quantity||1 (gram)|
|Maximum Bid Quantity||The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time.|
*If you apply through online mode you get a ` 50/- discount.
(*) The Maximum Limit subscribed per fiscal year (Apr-Mar) shall be 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.