Sovereign Gold Bond 2020-2021 Series 11

Sovereign Gold Bond 2020-2021 Series 11

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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 NameSovereign Gold Bond 2020-2021 Series 11
Issue serial number25156
Opening date01-FEB-2021
Closing date05-FEB-2021
Allotment date09-FEB-2021
Issue Price₹4,912 (For offline Investors)- ₹4,862(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
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 11. investing in the SGB is purely your personal choice. make a good study before you make an investment in the SGB.

Happy Investing

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