Sovereign Gold Bond scheme: The government, in consultation with the Reserve Bank, is also giving discounts to investors who apply online and pay digitally.
Sovereign Gold Bond scheme 2021-22 – Series-6 will be closed for subscription today i.e. on September 3. The Reserve Bank of India (RBI) has kept the price of this installment of Government Gold Bond at Rs 4,732 per gram. This bond is open for application from August 30 and today is the last date for investment in it. Let us know the important things related to Sovereign Gold Bond.
The central government had announced the sale of sovereign gold bonds in a total of 6 series this year. The first series was released on May 17 and was open for sale till May 21. Sovereign Gold Bond is a government bond. Its value is determined in terms of the weight of gold.
In this way you will be able to take advantage of the discount
The government, in consultation with the Reserve Bank, is also giving discounts to investors who apply ‘online’ and pay digitally. If you pay digitally then you will get a discount of Rs 50. In this way, the issue price of the gold bond will be Rs 4,682 per gram for the investors. Ordinary investors can invest in gold bonds with denominations ranging from 1 gram to 4 kg.
Where can I buy bonds
Bonds are sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Limited (SHCIL), post offices and recognized stock exchanges National Stock Exchange of India Limited and BSE.
Any individual who is a resident of India, Hindu Undivided Families, trusts, universities and charitable institutions can invest in the Sovereign Gold Bond Scheme. The bond has a tenure of 8 years and you can exit from it after the 5th year. Sovereign Gold Bond Scheme is good for such investors who do not want to invest in physical gold.
How much interest
Bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. Bonds are guaranteed by the government. The government had launched the Sovereign Gold Bond Scheme in the year 2015. Finance Minister Nirmala Sitharaman had told in Parliament that Rs 31,290 crore has been raised from the scheme.
Investors of Sovereign Gold Bonds will get interest at the rate of 2.5 per cent per annum every year. This interest will be available on half yearly basis. It is added as income from other sources of taxpayers.
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