IIFL
IIFL

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?

IIFL

Returns:

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

IIFL

Safety:

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

IIFL

Liquidity:

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

IIFL

Taxation* Benefit:

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

IIFL

Indexation* Benefit:

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

IIFL

Collateral:

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

*Please consult your Tax consultant for Taxation purposes.

To Apply Online

IIFL TTWeb
  • 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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