Introduction
Introducing a smarter way to invest in Gold, online through Sovereign Gold Bonds issued by Government of India and The Reserve Bank of India (RBI)
Invest and earn a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.
The Gold Bonds are being issued in tranches as below
| o | Tranche | Date of Subscription | Date of Issuance of Bonds |
|---|---|---|---|
| 1 | 2019-20 Series I | August 05-09, 2019 | August 14, 2019 |
| 2 | 2019-20 Series II | September 09-13, 2019 | September 17, 2019 |
Invest in Sovereign Gold Bonds today by calling your PL Relationship Manager.
Click here to view Frequently Asked Questions (FAQs) for Sovereign Gold Bonds.
Key features of the scheme
| Sl. No. | Item | Details |
|---|---|---|
| 1 | Product name | Sovereign Gold Bond 2019-20 |
| 2 | Insurance | To be issued by Reserve Bank India on behalf of the Government of India. |
| 3 | Eligibility | The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions. |
| 4 | Denomination | The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. |
| 5 | Tenure | The tenure of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the interest payment dates. |
| 6 | Minimum size | Minimum permissible investment will be 1 gram of gold. |
To invest in Sovereign Gold Bonds, please write into mfss@plindia.com or pl-ipodesk@plindia.com or contact Mr. Nilesh Shinde (022-66322291)
