Gold Bond Scheme: The tenth tranche of the sovereign gold bond scheme, which opened for subscription on Monday, January 11, will be available for investing till Friday (January 15)
Sovereign Gold Bond Scheme 2020-2021: All you need to know about tenth tranche
The issue will open for subscription from January 11 to January 15, 2021 with 19 January 2021 as its settlement date
BusinessToday.In | January 9, 2021 | Updated 13:29 IST
Sovereign gold bond 2020-21 has been issued by RBI on behalf of the Government of India
The government in consultation with the Reserve Bank of India will issue its tenth series of Sovereign Gold Bonds 2020-21 (Series X). The issue will open for subscription from January 11 to January 15, 2021 with 19 January 2021 as its settlement date.
The issue price for the sovereign gold bond has been fixed at Rs 5,104 per gram of gold
Issue Price
For the ninth tranche of gold bonds this financial year, an issue price of Rs 5,000 per unit is applicable. (Also Read: Here Is How Sovereign Gold Bond Price Is Calculated)
Important Dates
After the current instalment, which ends for subscription on Friday, January 1, the gold bond scheme will be available from January 11 to January 15, February 1 to February 5 and March 1 to March 5.
Discount
A discount of Rs 50 per unit is applicable for those investing in the Sovereign Gold Bonds online. That means the price of such investors will be Rs 4,950
Lock-In Period
The gold bonds come with a maturity period of eight years, with an option to exit after the first five years.