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
|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.|