RBI's Gold Bond In 2022 Opens For Subscription: All You Need To Know
The Sovereign Gold Bond 2022-23 Series III tranche opens for subscription from today. It will be open between December 19 to December 23
RBI Gold Bond Scheme: Subscription Opens Today
According to Reserve Bank of India, the issue price of the Bond during the subscription period shall be Rs 5,409 per gram without discount
Sovereign Gold Bond Issue Price
Investors can avail a discount of Rs 50 per gram from the issue price by applying online and making the payment through digital mode. After discount, the price of the Gold Bond will be Rs 5,359
SGB 2022 Price After Discount
The Sovereign Gold Bonds bear interest at the rate of 2.50 per cent per annum payable semi-annually on the nominal value
SGB 2022 Interest Rate
The SGBs will be sold through the following:- - Scheduled commercial banks - Stock Holding Corporation of India Ltd (SHCIL)
How To Buy RBI Gold Bond
- Clearing Corporation of India Ltd (CCIL) - Designated post offices - Recognised stock exchanges, NSE and BSE
How To Buy RBI Gold Bond
The SGB will have an 8-year tenor. However, premature redemption can be done after fifth year. It can be done on the date on which interest is payable
Sovereign Gold Bond Tenor
As per RBI, persons residing in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities and charitable institutions
Indian Sovereign Bonds: Eligibility
Minimum: The minimum investment in the Bond shall be one gram
Sovereign Gold Bond: Minimum And Maximum Investment
Maximum: 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government
Sovereign Gold Bond: Minimum And Maximum Investment
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