The Sovereign Gold Bond 2020-2021 Series 11 issued by the Government of India will open from 01 February 2021 until 05 February 2021. The settlement date of the issue is 09 February. 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 ₹4,912 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 11 Details
|Issue Name||Sovereign Gold Bond 2020-2021 Series 11|
|Issue serial number||25156|
|Issue Price||₹4,912 (For offline Investors)- ₹4,862(For online Investors)|
|Discount||₹50 (Only for online Investors)|
|Minimum Quantity||1 Gram|
|Maximum Quantity||4 Kg for individuals, 4 Kg for HUF, and 20 Kg for trusts and similar entities.|
|Bid Quantity Multiple||1 Gram|
|Rate of Interest||2.50% 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
|No||Tranche||Date of Subscription||Date of Issuance|
|2||2020-21 Series XII||March 01- 05, 2021||March 09, 2021|
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 11. investing in the SGB is purely your personal choice. make a good study before you make an investment in the SGB.