The Sovereign Gold Bonds 2020-21 (Series XI) will be open for subscription between February 1st and 5th, 2021. The issue price has been set at £4,912 per gram of gold. However, investors applying online and making payments digitally will receive a discount of £50 per gram, bringing their effective issue price down to £4,862.
In terms of Government of India Notification No.4(4)-B(W&M)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series XI) will be opened for the period February 01-05, 2021 with Settlement date February 09, 2021. The issue price of the Bond during the subscription period shall be `4,912 (Rupees Four thousand Nine hundred twelve only) – per gram, as also published by RBI in their Press Release dated January 29, 2021.
Government of India in consultation with the Reserve Bank of India has decided to allow discount of `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 `4,862 (Rupees Four thousand eight hundred sixty two only) per gram of gold.
FAQ :
The subscription period for Sovereign Gold Bonds 2020-21 (Series XI) is from February 01 to February 05, 2021.
The issue price for the Sovereign Gold Bond Series XI is £4,912 per gram.
Yes, a discount of £50 per gram is available for investors who apply online and make payment through a digital mode.
For investors applying online with digital payment, the effective issue price is £4,862 per gram.
The settlement date for the Sovereign Gold Bonds 2020-21 (Series XI) is February 09, 2021.