sovereign gold bond 2020-21 series viii subscription date 9-13 november 2020-check all details

Ahead of Dhanteras and Diwali, the central government is giving you a special opportunity to invest in gold. The government's Sovereign Gold Bond Scheme 2020-21 Series 8 subscription will start on Monday, November 9. Investors will have until November 13. This time, the RBI has fixed the gold price at Rs 5,177 per gram. You will also get a discount of Rs 50 on making digital payments along with the online application.
  • Sovereign Gold Bond Scheme 2020-21
  • Series 8 subscriptions will begin on Monday, November 9th
  • The RBI fixed the gold price at Rs 5,177 per gram


RBI fixes price of Rs 5,177 per gram for digital payers
Earlier, the gold bond, which was announced on October 12, was priced at Rs 5,051 per gram. Sovereign Gold Bonds are declared by the RBI on behalf of the Government. This price is for gold with 999 purity.

How much can be invested
Investors can invest in sovereign gold bonds in at least 1 gram of gold. Individuals can invest up to a maximum of 4 kilograms in gold. Its maturity is 8 years. The investor can opt out of the scheme in the fifth year.

How to invest in gold bonds
These gold bonds can be invested with the help of banks, stock holding corporations of India, post offices and stock exchanges. They do not have the option of investing in small finance banks and payment banks.

There is also an annual interest benefit of 2.5 per cent
Gold bonds earn an annual interest rate of 2.50%. The special thing about investing in a gold bond is that there is no need to worry about its storage. If capital gains are made on the maturity of gold bonds, it will be discounted. This is an exclusive benefit on gold bonds.

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The government launched the Sovereign Gold Bond Scheme in 2015. So as to reduce the demand for physical gold. According to the RBI's annual report for 2019-20, a total of 30.98 tonnes of gold worth Rs 9652.78 crore has been registered for 37 shares of sovereign gold bonds.

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