Gold Bond Scheme 2020-21: Gold Bond Scheme Starts Today, Learn Everything

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The first sovereign gold bond scheme for the financial year 2021-22 starts on Monday, May 17. This scheme runs according to the installments. Its first installment will be filled from today to May 17, that is, you have five days to complete the first installment. This year the scheme will open by September 2021 and will include a total of six installments. The RBI (Reserve Bank of India) states that the issue price of gold bond per gram in the new Sovereign Gold Bond Scheme scheme will be Rs 4,777, i.e., the price of 10 grams will be Rs 47,770.

The price of gold bonds in the new scheme will be at the normal average price of the price issued by the India Bullion and Jewelers Association (IBJA). This time some offers are also being given. Those making online or digital payments to buy bonds are being given a discount of Rs 50 per gram on the bond price, after which the effective price of the bond will be Rs 4,727 per gram. There are many ways to buy bonds. You can buy these bonds through National Stock Exchange of India Limited (NSE), Bombay Stock Exchange Limited (BSE), Stock Holding Corporation of India Limited (SHCIL), Accredited Stock Exchanges and Designated Post Offices. Explain that the Reserve Bank will issue these bonds on behalf of the Government of India.

If you are thinking how much amount of money you can invest, then tell that under Sovereign Gold Bond Scheme you can start with at least 1 gram bond and talk about the maximum limit, then someone Even a person and a Hindu undivided family can buy bonds up to a maximum price of four kilograms. The maximum purchase limit for trusts and similar entities is 20 kg.

The bond period under this scheme will be for eight years. If you want to come out of the scheme before then, after five years you will have the option to withdraw from the bond on the next interest payment date. As we said, you will have to invest for at least one gram of basic unit to participate in the gold bond scheme.

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