Sovereign Gold Bond Scheme 2020-21 (Series XII) - Issue Price



Quick Summary
The Government of India has announced the issue price for Sovereign Gold Bonds 2020-21 (Series XII), which will be open for subscription between March 1st and March 5th, 2021. The price per gram is set at Rs 4,662. However, investors who apply online and make payments digitally will receive a discount of Rs 50 per gram, bringing their effective issue price down to Rs 4,612.

In terms of Government of India Notification No.4(4)-B(W&M)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series XII) will be opened for the period March 01-05, 2021 with Settlement date March 09, 2021. The issue price of the Bond during the subscription period shall be Rs 4,662 (Rupees Four thousand Six hundred Sixty two only) – per gram, as also published by RBI in their Press Release dated February 26, 2021.

Sovereign Gold Bond Scheme 2020-21: Issue Price Revealed

The 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 4,612 (Rupees Four thousand Six hundred twelve only) per gram of gold.

FAQ :

The subscription period for Sovereign Gold Bonds 2020-21 (Series XII) is from March 01 to March 05, 2021.

The issue price for the Sovereign Gold Bonds 2020-21 (Series XII) is Rs 4,662 per gram.

Yes, investors who apply online and make payment through a digital mode will receive a discount of Rs 50 per gram.

For investors applying online with digital payment, the effective issue price is Rs 4,612 per gram.

The settlement date for the Sovereign Gold Bonds 2020-21 (Series XII) is March 09, 2021.




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