RBI Sovereign Gold Bond Scheme 2020-21: The Sovereign Gold Bond Scheme 2020-21 Series XII is opening for subscription from 01 March to 05 March 2021. The price of gold per gram has been fixed at Rs 4,590. At the time of issuing the first series, the offer price of Gold Bond was Rs 4,852 per gram. Those who apply for them online and pay through digital payment will get a discount of 50 rupees per gram. Let us understand here what Sovereign Gold Bond is and why it is a better investment option. The second tranche of Sovereign gold bonds of this fiscal year (2020-21) will open for subscription on 01 March 2021. The applications can Buy online Bank Wise SBI, IDBI Bank, ICICI, PNB, Bank of Baroda, HDFC, Axis bank & Zerodha as well as offline mode. Sovereign gold bond Series 12 scheme 2020-21 will close for subscription on 05 March 2021. Allotment status will be released on 09 March 2021. So, make sure you apply for them as soon as possible.
The new series of Sovereign Gold Bonds 2020-21 will be opened from 01 March 5 March 2021
The issue price of the Bond during the subscription period shall be Rs 4,662 per gram.
The Settlement date under the Series XII scheme is 09 March 2021.
Sovereign Gold Bond 2021 Online Purchase
The Reserve Bank of India said last month that the government would issue sovereign gold bonds in phases XII. These Sovereign Gold Bonds will be sold through banks, except small finance banks and payment banks, Stock Holding Corporation of India (SHCIL), designated post offices, and stock exchanges (NSE and BSE). The Reserve Bank will issue these bonds on behalf of the Government of India. Bonds will be issued to investors after subscription. If you want to invest in this government scheme, then you can apply online for this.
SBI Sovereign Gold Bond Scheme 2020-21 – Series 12 Details:
|Product Name||Sovereign Gold Bonds Scheme 2020-21 Series 12 (Tranche 39)|
|Issuing Authority||Reserve Bank of India on behalf of the Government of India|
|Issue Period||01 March to 05 March 2021|
|Issue Price per gram of gold||Online BID: Rs. 4802
Offline BID: Rs. 4852
|Date of Allotment||09 March 2021|
Sovereign Gold Bond Scheme March 2021 Issue Price
The issue price has been fixed at Rs 4,852 per gram of gold. The Government of India has decided to give a discount of 50 rupees per gram to the offer price to the investors applying online and making payments through a digital medium. The price of the gold bond for online investors will be Rs 4,802 per gram. The first series of sovereign gold bonds in the current financial year showed a lot of enthusiasm among investors. According to RBI, the April series received a subscription of about 822 Crores for 17.73 lakh units. This is the highest subscription since October 2016.
Interest on Issue Price
Sovereign gold bonds earn a fixed interest of 2.50% every year on the issue price. This money is automatically deposited in your account every 6 months. You do not get this kind of benefit on physical gold and gold ETFs. According to the information given on the NSE website, one of the advantages of investing in sovereign gold bonds is that there is no tax on the profit after 8 years of maturity period. Also, there is no TDS on the interest paid every six months.
Minimum and Maximum Quantity
A person can buy bonds of a minimum value of 1 gram and a maximum of 4 kg in a financial year. However, the maximum purchase limit for a trust is 20 kg. One can buy 500 grams of gold bonds in a fiscal year. Bond’s maturity period is 8 years old. But investors get a chance to exit after 5 years. That is, if you want to remove it, you can remove it after 5 years. According to the NSE, these sovereign gold bonds can also be used as collateral while taking loans. Apart from this, these bonds also trade on NSE.
Features of Sovereign Gold Bond
Buy Sovereign Gold Bond Online Bank Wise
|Bank Name||Buy Online Link|
|State Bank of India (SBI)||Purchase Here|
|Punjab National Bank (PNB)||Purchase Here|
|ICICI Bank||Purchase Here|
|HDFC Bank||Purchase Here|
|Axis Bank||Purchase Here|
|Canara Bank||Purchase Here|
|Bank of Baroda||Purchase Here|
|IDBI Bank||Purchase Here|
Q1. What is the minimum investment on gold bonds?
Ans. The Minimum investment on gold should be 1 gram.
Q2. Can Minor Invest in Sovereign Gold Bond Scheme?
Ans. Yes, Minors can also invest in Sovereign Gold Bond Scheme.
Q3, What is the minimum time limit to exit the bond?
Ans. You can exit the bond minimum after 5 years.
Q4. Is Joint holding allowed under SGB Scheme?
Ans. Yes, Under SGB Scheme Joint Holding is allowed.
Q5. Can I get the Part repayment of Bonds?
Ans. Yes, You can get the part repayment of SGB.
How to Buy Sovereign Gold Bond Online SBI, BOB, ICICI, PNB, HDFC, Axis Bank & Zerodha
Step 1: You can visit the official portal of any bank you wish to buy bonds from.
Step 2: On the Home Page, click on Sovereign Gold Bonds 2020-21.
Step 3: Now click on Buy Now and read the complete terms and conditions.
Step 4: Fill in the complete form and upload the required documents.
Step 5: Your Investment will now be successful.
✍Imp. UPDATE – RRB has announced the Sovereign Gold Bonds for the investment from 01 March 2021. ⟳Update By Website Team 👨🏻🏫