Quick Summary
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021 as per the calendar specified below: S. No. Tranche Date of Subscription Date of Issuance 1. 2021-22- Series I May 17-21, 2021 May 25, 2021 2.
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1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
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3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
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FAQ :
The Sovereign Gold Bond Scheme 2021-22 is an initiative by the Government of India, in consultation with the Reserve Bank of India, to issue gold bonds.
The bonds will be issued in six tranches from May 2021 to September 2021, with specific subscription and issuance dates for each series.
Eligibility is restricted to resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities, and Charitable Institutions.
The bonds are denominated in grams of gold, have a tenor of 8 years with an exit option after 5 years, a minimum investment of 1 gram, and a maximum limit per fiscal year. They also offer a fixed interest rate of 2.50% per annum and can be used as collateral for loans.
The issue price is fixed in Indian Rupees based on the simple average of the closing price of 999 purity gold for the last three working days before the subscription period. A discount of ₹50 per gram is offered for online subscriptions paid digitally.
The interest earned on the Gold Bonds is taxable as per the Income Tax Act, 1961. However, capital gains tax on redemption for individuals is exempted, and indexation benefits are provided for long-term capital gains.
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