The Sovereign Gold Bond Scheme 2021-22 – Series IX is open for sale currently. The issue will remain open for subscription till Friday, January 14.
The Reserve Bank of India has fixed the issue price of the ninth tranche at Rs. 4,786 per gram. Investors paying through digital mode will get a discount of Rs. 50 on purchase of each gram. So, the effective price for such investors will be Rs. 4,736 per gram.
The tenor of the gold bonds will be 8 years with a 5-year lock-in. The minimum investment is 1 gram and maximum is 4 kg for individuals and HUFs. Trusts, universities and charitable institutions can buy upto 20 kgs.
Investors will earn a fixed interest of 2.5% per year on the amount invested. At the time of exit, they will get an amount equalling the value of gold at that time.
MFDs can sell these bonds to their clients to earn a commission of up to 1%. Stock exchange platforms like NSE NMF II and BSE Star MF allow MFDs to sell these bonds.
Investors can also buy the gold bonds directly from commercial banks, Stock Holding Corporation of India, post offices and recognised stock exchanges.
