The Government of India has announced the opening of the Sovereign Gold Bond Scheme 2020-21 (Series IX). This issue will be available for subscription between December 28, 2020, and January 01, 2021. The issue price is set at Rs 5,000 per gram of gold. However, investors who apply online and make their payment through digital means will receive a discount of Rs 50 per gram, making the effective price Rs 4,950 per gram.
In terms of Government of India Notification No.4(4)-B(W&M)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series IX) will be opened for the period December 28, 2020 - January 01, 2021 with Settlement date January 05, 2021. The issue price of the Bond during the subscription period shall be Rs 5,000 (Rupees Five thousand only) – per gram, as also published by RBI in their Press Release dated December 24, 2020.
Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,950 (Rupees Four thousand Nine hundred Fifty only) per gram of gold.
FAQ :
The subscription period for Sovereign Gold Bonds 2020-21 (Series IX) is from December 28, 2020, to January 01, 2021.
The issue price is Rs 5,000 per gram of gold.
Yes, investors who apply online and make payment through a digital mode will receive a discount of Rs 50 per gram.
The discounted issue price for online applicants using digital payment is Rs 4,950 per gram of gold.
The settlement date for the Sovereign Gold Bonds 2020-21 (Series IX) is January 05, 2021.