Sovereign Gold Bond Scheme

Want to invest in gold, but are concerned about the safekeeping and purity of the yellow metal? Invest in government-backed Sovereign Gold Bonds and enjoy the benefits of physical gold without any hassles. SGBs are issued by the Reserve Bank of India on behalf of the Government of India. Additionally, no TDS is levied on the interest income of SGBs.

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Why Invest in Sovereign Gold Bond?

It is a stable, safe and secure investment option with adequate liquidity.

Updated Price

The issue price of sovereign gold bonds is linked to the prevailing price of gold.

Interest Payouts

Investors are paid interest of 2.5% per annum. The payments are made semi-annually.

Tradable

Sovereign gold bonds can be traded in the secondary market after a fixed period, as decided by the Reserve Bank of India.

Ensuring safety requires a sophisticated setup
Various levies like making charge affect the value
Purity a concern as adulteration is rampant
Total returns slightly lower than actual gold
Limited tradability
Long term capital gains tax after 3 years
Storage cost is High

Electronic form makes it relatively safe
No impact on returns due to additional levies
Electronic form results in high purity
Optimal returns due to interest payout
Easily tradable through exchanges
Long term capital gains tax after 3 years but no taxes are levied if held till maturity

What we Offer

Geojit offers a convenient and simple medium of investing in gold bonds.

Timely Updates

Get timely updates on investment opportunities related to sovereign gold bonds.

Ease of access

With both online and offline modes of investment, you do not have to worry about the availability of network connection.

Ease of access

With both online and offline modes of investment, you do not have to worry about the availability of network connection.

Yield Calculator

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Issue Date

Current Value (1gm)

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Coupon Frequency

Half Yearly

Face Value

₹ 3,119.00

Coupon Rate

2.75%

Maturity Date

05/08/2024

Years to Maturity

5.39 Years

Yield to Maturity (YTM)

3.94%

SOVEREGIN GOLD BOND SCHEME 2020-21

The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:

S.no	Tranche	Date of Subscription	Date of Issuance
1	2010-21 Series I	April 20-24, 2020	April 28, 2020
2	2010-21 Series II	May 11-15, 2020	May 19, 2020
3	2010-21 Series III	June 08-12, 2020	June 16, 2020
4	2010-21 Series IV	July 06-10, 2020	July 14, 2020
5	2010-21 Series V	August 03-07, 2020	August 11, 2020
6	2010-21 Series VI	August 31-September 04, 2020	September 08, 2020

FAQ

What is a Bond?

A Bond is a promissory note issued by a company or government to its lenders. A Bond is evidence of debt on which the issuing company usually promises to pay the bondholder a specified amount of interest at intervals over a specified length of time, and to repay the original loan on the expiration date. A bond investor lends money to the issuer and in exchange, the issuer promises to repay the loan amount on a specified maturity date

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