Government of India, in consultation with the Reserve Bank of India, has decided to issue “Sovereign Gold Bonds”. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020. Please find below the details for Series 1.

Issuance of Sovereign Gold Bond Scheme 2020 -2021 (Series 1) by RBI:

Security Symbol SGB202101
Series GB
Issue Price for Online Mode ₹4,589/- Per Gram (for applying online and payment in digital
Issue Price for Other Mode ₹4,639/- Per Gram
Issue Start Date 20th April, 2020
Issue Close Date 24th April, 2020
Bidding Session Time 9.00 A.M. to 5.00 P.M.
Minimum Bid Quantity 1 (gram)
Maximum Bid Quantity 4,000 (grams) for Individual, HUF & 20,000 (grams) for Trust and similar entities notified by Govt.**

*If you apply through online mode you get a ₹50/- discount.

Why invest in Sovereign Gold Bonds?



Interest of 2.5% on the issue price & which is payable of half yearly basis + Appreciation of Gold



Sovereign Guarantee on redemption of money (principal) as well as on the interest earned.

Elimination of risk and hassle-free holding as it eliminates cost of Storage as in physical gold



Tenure of 8 years with exit options in fifth, sixth and seventh year Tradeable on stock exchanges from the date to be notified by RBI


Taxation* Benefit:

Exemption from Capital Gains Tax on redemption. No TDS Applicable on Interest paid


Indexation* Benefit:

Will be provided on Long Term Capital Gains arising to any person on transfer of bond



Accepted as collateral – Can be kept as collateral / security against Secured Loans

*Please consult your Tax consultant for Taxation purposes.

To Apply Online

  • Click here to open Trader Terminal (TT)
  • Login to TTWeb
  • Go to 'Markets' section and click on IPO/NFO/FPO/Bonds
IIFL IIFL Markets App
  • Login to IIFL Markets
  • Go to ‘ IPO’ section and click on bonds section
If you are not a client of IIFL Securities,
Click here to Open a Demat Account

For Frequently Asked Questions (FAQs) link issued by RBI for more clarity. Click here.

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