INSUBCONTINENT EXCLUSIVE:
Sovereign Gold Bond Scheme: Subscription for the fourth tranche ends on Friday, July 10Sovereign Gold Bond Scheme: July 10 is the last day
to invest in the government-run Sovereign Gold Bonds in the fourth instalment, which opened for subscription for five days beginning July 6
After Friday, the Sovereign Gold Bond scheme for the current financial year will open for subscription for a period of five days each in
Bonds will issued to those applying for gold bonds in the current series (Series IV) on July 14
Under the Sovereign Gold Bond programme, in which the Reserve Bank of India issues gold bonds on behalf of Government of India, eligible
Series IV of Sovereign Gold Bonds ends for subscription, the scheme will be available on the following dates this financial year:SGB 2020-21
Bond Series I opened for subscription in April this year)Key FeaturesHere are some other important details about the Sovereign Gold Bonds,
such as issue/redemption price, discount and tax incidence:The gold bonds can be subscribed at an issue price of Rs 4,852 per gram in the
A discount of Rs 50 per gram is available for online purchasers (issue price Rs 4,802 per gram), aimed at promoting digital payments
Investment in gold bonds fetches interest at a rate of 2.50 per cent per annum, which is payable semi-annually
However, an exit option is available after the first five years.)Gold bonds can be purchased through designated public and private sector
bank and post office branches, through stock exchanges BSE and NSE, and the Stock Holding Corporation.The Sovereign Gold Bond and Gold
