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


Details of Sovereign Gold Bond Scheme 2020 -2021 (Series IV)
Security Symbol SGB202104
Series GB
Issue Price for Online Mode Rs. 4,802/- Per Gram (for applying online & payment in digital mode)
Issue Price for Other Mode Rs. 4,852/- Per Gram
Issue Start Date 6th July, 2020
Issue Close Date 10th July, 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 Rs.50/- discount.

**The maximum limit of subscribed shall per fiscal (April-March) notified by the Government from time to time.
The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.

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Why invest in Sovereign Gold Bonds?

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Returns

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

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Safety

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

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Liquidity

Tenure of 8 years with exit options in 5, 6 & 7 year. Tradeable on stock exchanges from the date to be notified by RBI.

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Taxation* Benefit

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

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Indexation* Benefit

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

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Collateral

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

*Please consult your Tax consultant for Taxation purposes.

To Apply Online

TT Web

  • Click here to open Trader Terminal (TT)
  • Login to TTWeb
  • Go to 'Markets' section & click on IPO/NFO/FPO/Bonds

IIFL Markets

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