Sovereign Gold Bond 2020-21 Series I

This has reference to the GoI notification F.No.4(4)-B(W&M)/2020 and RBI Circular IDMD.CDD.No.2729/14.04.050/2019-20 dated April 13, 2020 announcing that the Sovereign Gold Bond Scheme 2020-21 – Series 1 will be open for subscription from Monday, April 20 to Friday, April 24, 2020.

The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bond Scheme 2020-21 – Series 1 (Tranche 38) will be open for subscription from Monday, April 20, 2020 to Friday, April 24, 2020 for trading members to subscribe to the issue for their clients.

Members will be able to place bids for physical mode for their clients to hold SGB units in non-demat form. This will be in addition to the existing bid entry in demat mode through iBBS system - Exchange’s existing web-based online bidding platform for IPO, Offer for Sale (OFS), Offer to buy (OTB) issues.

Sovereign Gold Bond 2020-21 Series I

Issue Details

 Issue Name  Sovereign Gold Bonds Scheme 2020-21 – Series I (Tranche 38)( View Report )
 Symbol  SGB202101
 Issue serial number  23722
 ISIN  IN0020200062
 Issue Period  Monday, April 20 to Friday, April 24, 2020
 Issue Price (per gram of gold)  Online BID: Rs. 4,589 (For investors applying online and the payment against the application is made through digital mode)
 Minimum Quantity  1 gram
 Maximum Quantity  The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.
 Bid Quantity Multiple  1 gram
 Rate of Interest  2.50% per annum on the amount of initial investment. It shall commence from the date of its issue and is payable every 6 months.

 
 Date of Allotment  April 28, 2020

  

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