Gold bond scheme starts from today, know everything


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

In the new scheme, the price of gold bonds will be at the simple 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 the bonds are being given a discount of Rs 50 per gram on the bond price, taking the effective price of the bond to 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), recognized stock exchanges and designated post offices. Explain that this bond will be issued by the Reserve Bank of India on behalf of the Government of India.

If you are wondering how much you can invest at least, then let us tell you that under the Sovereign Gold Bond Scheme, you can start with a bond of at least 1 gram and talk about the maximum limit, then there is no Individuals and Hindu Undivided Family can buy bonds up to a maximum value of four kilograms. The maximum purchase limit for trusts and similar entities is 20 kg.

The bond tenure under this scheme will be for eight years. If you want to exit the scheme early, then after five years you will get the option to withdraw from the bond on the next interest payment date. As we mentioned that you have to invest for the basic unit of at least one gram to participate in the Gold Bond Scheme.

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