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Sovereign Gold Bonds [email protected]/gm

SGB Status: Closed [12th Oct 2020 to 16th Oct 2020]

Posted on 2020-01-25T16:29:56+00:00

Rated 4/5 by Team TopShareBrokers

The Sovereign Gold Bonds 2020-21-Series-VII opens on Monday and the issue price has been fixed at ₹5051 per gram.

The Sovereign Gold Bonds 2020-21-Series-VII (SGB 2020-21 Series 7), issued by the Reserve Bank of India (RBI) on behalf of the government, will be open for subscription from 12th Oct 2020 to 16th Oct 2020. The Bonds will be issued on the 20th Oct 2020. The issue price is ₹5051 per gram of gold. Special discount of ₹50 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 ₹5001 per gram of gold. Assured return of 2.50% PA payable half yearly on ₹5051/gm.

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-VII Details

Latest and updated information about SGB 2020-21 Series 7.

SGB 2020-21 Series 7 detail
Activity Date
Open Date 12th Oct 2020
Close Date 16th Oct 2020
Allotment Date 20th Oct 2020
Base Price ₹5051
Retail Discount ₹50
Retail Price ₹5001
Intrest 2.50% PA - Paid half-yearly
Redemption Month OCT-2028

Last Updated on 2020-10-10T12:37:28+00:00


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