Sovereign Gold Bonds Scheme: If you were not able to subscribe to the Sovereign Gold Bond Scheme which ended last week, then no problem, today you have a chance again.
New Delhi: Sovereign Gold Bonds Scheme: If you were not able to subscribe to the Sovereign Gold Bond Scheme which ended last week, then no problem, today you have a chance again. Subscription for the second tranche of Sovereign Gold Bond Scheme 2021-22 has been opened from today.
Second installment of Sovereign Gold Bonds
According to the Reserve Bank of India, you can invest in the scheme from May 24 to May 28, 2021. On Friday, the Finance Ministry issued a statement after discussions with the Reserve Bank of India, in which the issue price of the gold bond was announced. According to the RBI, the issue price of the Gold Bond Scheme for the second tranche has been kept at 48,42 per 1 gram. That is, you have to spend Rs 48,420 for 10 grams.
Sovereign Gold Bonds Issue Price
According to the Reserve Bank of India, if investors invest in gold bond scheme through online, then they will get a discount of 50 rupees per gram. That is, there will be a discount of 500 rupees on 10 grams, in this case, on online subscription, the investor will have an issue price of 48,420-500 = 47920 rupees per 10 grams. Gold futures on MCX are currently trading between Rs 48400-48500 per 10 grams. That is, you can get an advantage of about Rs 580 per 10 grams by investing in gold bonds.
When will the scheme come
Let us tell you that the first series of the scheme came from May 17 to 21, bonds for this series will be issued on May 25. After this, today i.e. from May 24 to May 28, the subscription for the second series is open, for this period, gold bond issues will be done on June 1. Then the third series will come from May 31 to June 4, for this, Gold Bonds will be released on June 8. From 12 July to 16 July, the subscription of the tooth series will open, for which the date of issue of the bond is 20 July. A fifth series will open from August 9 to August 13, for which bonds will be issued on August 17. The sixth series will remain open from 30 August to 3 September, for which there will be gold bond issues on 7 September
Where to buy
If you want to invest in sovereign gold bonds, you can buy it from recognized stock exchanges like NSE, BSE. Stock Holding Corporation of India (SHCIL), can be purchased from post offices. But remember that it will not be sold by small finance banks and payment banks.
How much can you invest
The Sovereign Gold Bond Scheme will have a duration of 8 years, with an option to withdraw investment from the bond on the next interest payment date after five years. In this, you can start by shopping for 1 gram of gold. Any individual and Hindu Undivided Family (HUF) can purchase bonds up to a maximum value of 4 kg whereas the maximum purchase limit for trusts and similar entities is 20 kg. It is necessary to have a KYC to buy the bond.
How much interest do you get
Sovereign gold bonds earn interest at the rate of 2.5% per annum, which is put in your account every 6 months.
