Sovereign Gold Bond 2021-2022 Series 03

Sovereign Gold Bond 2021-2022 Series 03

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Sovereign Gold Bond 2021-2022 Series 03 issued by the Government of India will open from 31 May 2021 until 04 June 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 ₹4,889 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 2021-2022 Series 03 Details

Issue NameSovereign Gold Bond 2021-2022 Series 03
Issue serial number25838
Opening date31-MAY-2021
Closing date04-JUN-2021
Allotment date01-June-2021
Issue Price₹4,889 (For offline Investors)- ₹4,839 (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

Sr. No.TrancheDate of SubscriptionDate of Issuance
1.2021-22 Series IVJuly 12-16, 2021July 20, 2021
2.2021-22 Series VAugust 09-13, 2021August 17, 2021
3.2021-22 Series VIAugust 30-September 03, 2021September 07, 2021

Final thoughts

Sovereign Gold Bond is one of the safest and returns assuring investment tools. 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 2021-2022 series 03. investing in the SGB is purely your personal choice. make a good study before you make an investment in the SGB.

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