Sovereign Gold Bond Scheme 2020-2021 Series 1

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Sovereign Gold Bond Scheme 2020-2021 Series 1 from SBI

Date of issue: 20th Apr 2020 to 24th April 2020

Per Gram: INR 4589 digital payment, INR 4639 offline payment.

Key Advantage:-
- 2.50% (Fixed rate) p.a. on the Initial investment, paid half-yearly​
- Also available In Demat Form, so no worries about storage unlike in physical gold​
- No GST and No Making Charges 0​
- No Recurring Annual Expense, unlike in physical gold like in Gold ETFs​
- Can be used as Collateral for 0​
- No Capital Gains Tax on Loans redemption​

Sovereign Gold Bond Scheme was launched by Govt in November 2015, under Gold Monetisation Scheme. Under the scheme, the issues are made open for subscription in tranches by RBI in consultation with GOI. RBI Notifies the terms and conditions for the scheme from time to time. The subscription for SGB will be open as per the following calendar. The rate of SGB will be declared by RBI before every new tranche by issuing a Press Release.

As per RBI instructions “Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s)’’ as the PAN number of the first/ sole applicant is mandatory.

Sovereign Gold Bond Scheme 2020-2021.jpeg
 
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