Sovereign Gold Bond 2020-2021 Series 10

Sovereign Gold Bond 2020-2021 Series 10

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The Sovereign Gold Bond 2020-2021 Series 10 issued by the Government of India will open from 11 January 2021 until 15 January 2021. The settlement date of the issue is 19 January 2021. The nominal value of the bond based on the simple average closing price for gold of 999 purity of the last three business days of the week preceding the subscription period, works out to ₹5,104 per gram of gold. says RBI in its RBI press release. There is a Rs 50 discount per gram on subscribing online for the bond.

Also read: what is Sovereign Gold Bonds? and its benefits and features.

Sovereign Gold Bond 2020-2021 Series 10 Details

Issue NameSovereign Gold Bonds Scheme 2020-21 – Series 10
Issue serial number25156
Opening date11-JAN-2021
Closing date15-JAN-2021
Allotment date19-JAN-2021
Issue Price₹5,104 (For offline Investors)- ₹5,054(For online Investors)
Discount₹50 (Only for online Investors)
 Minimum Quantity1 Gram
 Maximum Quantity4 Kg for individuals, 4 Kg for HUF, and 20 Kg for trusts and similar entities.
 Bid Quantity Multiple1 Gram
Rate of Interest2.50% per annum on the amount of initial investment

You can buy the SGB from various sources like selected Banks, Post offices, etc. An online facility is also available for the SGB subscription. and the discount price is only for online investors.

Upcoming SGB Issues

NoTrancheDate of SubscriptionDate of Issuance
12020-21 Series XIFebruary 01- 05, 2021February 09, 2021
22020-21 Series XIIMarch 01- 05, 2021March 09, 2021

Final thoughts

Sovereign Gold Bond is one of the safest and returns assuring investment tool. it is very transparent since it is regulating by the government of India. SGB reduces the risk of physical gold keeping. and it helps to diversify an investor’s portfolio. In this post, we discussed Sovereign Gold Bonds and their benefits. I hope this post will give an idea about SGB 2020-2021 series 10. investing in the Sovereign Gold Bond is purely your personal choice. make a good study before you make an investment in the SGB.

Happy Investing

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