Sovereign Gold Bond Scheme 2021-22 (Series IX) – Key Highlights

Sovereign Gold Bond scheme 2021-22:

Online bidders applying for the bond will get a rebate of ₹50 as issue price of the new series for digital applicants has been fixed at ₹4,736 per gram. The Government of India (GoI) has announced that 5-day subscription of the new series (Series IX) will open on 10th January, 2022 and it will remain open for bidding till 14th January 2022. Further, the Settlement date for the same will be 18th January, 2022.

The issue price of the new series has been fixed at ₹ ₹4,786 per gram (the series 8 was price at ₹4,791 per gm.). The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode.

Applications will be sold through banks Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges — NSE and BSE.

The tenor of the bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.

Minimum permissible investment is one gram of gold. The maximum limit of subscription is 4 kg for individual, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March).

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