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Gold Bond Scheme To Open Next In August And September. Here's How To Invest
Gold bond scheme: The third and fourth tranches will open for subscription for five
days each

Did you know you can invest in gold without having to buy the yellow metal in
physical form? The government-run Sovereign Gold Bond scheme is one such scheme,
wherein the bonds are denominated in the multiple of one gram of gold. The
Sovereign Gold Bond or SGB scheme were announced in May this year, and the third
and fourth series of the bonds under the scheme will be issued in August and
September respectively. Sovereign Gold Bond is a certificate scheme in which the
Reserve Bank of India issues bonds on behalf of Government of India, through
scheduled commercial banks, Stock Holding Corporation of India (SHCIL), designated
post office branches, and stock exchanges NSE and BSE. Investment in SGBs can be
used as a collateral for loans.
Here are some important things to know about the gold bond scheme, from interest
rate to discount and return:
Who can invest?
Resident individuals, Hindu Undivided Families, trusts, universities and charitable
institutions can invest in the bond scheme. The investors will be issued a holding
certificate and the bonds will be eligible for conversion into demat form. (Also
read: Physical gold, gold ETF or gold bond: Where to invest?)

Important dates
The first and second tranches of the SGB scheme 2019-20 opened for subscription for
five days each in June and July this year. Similarly, the third and fourth tranches
will open for five days each starting August 5 and September 9 respectively.

Tranche Date of subscription Date of issuance

2019-20 Series III August 05-09, 2019 August 14, 2019
2019-20 Series IV September 09-13, 2019 September 17, 2019
(Source: Ministry of Finance)
Price and payment
The issue as well as redemption prices are fixed on the basis of a simple average
of closing prices of gold (99.9 per cent purity) listed by industry body IBJA for
the last three working days of the week before subscription. For example, for the
third tranche of the gold bond scheme, a simple average of the prices from August 1
to August 3 will be taken for arriving at the price. The bonds can be purchases
against payment through cash, demand draft, cheque or electronic banking (net
banking). For online subscribers, a discount of Rs. 50 per gram is available on the
issue price.

Investment limit
While the minimum investment allowed under the gold investment scheme is one gram,
a maximum limit of 4 kilograms is applicable for individual investors and HUFs. For
trusts and other entities, the maximum permissible limit is 20 kilograms. In case
of joint holding, the investment limit (4 KG) is applicable to the first applicant
only, according to an official statement. (Also read: Looking to buy gold? Here's
all you need to know)

Maturity period
The bonds come with a term of eight years, with an exit option after the fifth year
to be exercised on the interest payment dates, according to the statement.This New
Device Finally Solves The India Mosquito/Bugs/Roaches Problem !! (Electric Pest
Reject)
EMAIL
PRINT
COMMENTS
Gold Bond Scheme To Open Next In August And September. Here's How To Invest
Gold bond scheme: The third and fourth tranches will open for subscription for five
days each

Did you know you can invest in gold without having to buy the yellow metal in
physical form? The government-run Sovereign Gold Bond scheme is one such scheme,
wherein the bonds are denominated in the multiple of one gram of gold. The
Sovereign Gold Bond or SGB scheme were announced in May this year, and the third
and fourth series of the bonds under the scheme will be issued in August and
September respectively. Sovereign Gold Bond is a certificate scheme in which the
Reserve Bank of India issues bonds on behalf of Government of India, through
scheduled commercial banks, Stock Holding Corporation of India (SHCIL), designated
post office branches, and stock exchanges NSE and BSE. Investment in SGBs can be
used as a collateral for loans.
Here are some important things to know about the gold bond scheme, from interest
rate to discount and return:
Who can invest?
Resident individuals, Hindu Undivided Families, trusts, universities and charitable
institutions can invest in the bond scheme. The investors will be issued a holding
certificate and the bonds will be eligible for conversion into demat form. (Also
read: Physical gold, gold ETF or gold bond: Where to invest?)

Important dates
The first and second tranches of the SGB scheme 2019-20 opened for subscription for
five days each in June and July this year. Similarly, the third and fourth tranches
will open for five days each starting August 5 and September 9 respectively.

Tranche Date of subscription Date of issuance

2019-20 Series III August 05-09, 2019 August 14, 2019
2019-20 Series IV September 09-13, 2019 September 17, 2019
(Source: Ministry of Finance)
Price and payment
The issue as well as redemption prices are fixed on the basis of a simple average
of closing prices of gold (99.9 per cent purity) listed by industry body IBJA for
the last three working days of the week before subscription. For example, for the
third tranche of the gold bond scheme, a simple average of the prices from August 1
to August 3 will be taken for arriving at the price. The bonds can be purchases
against payment through cash, demand draft, cheque or electronic banking (net
banking). For online subscribers, a discount of Rs. 50 per gram is available on the
issue price.

Investment limit
While the minimum investment allowed under the gold investment scheme is one gram,
a maximum limit of 4 kilograms is applicable for individual investors and HUFs. For
trusts and other entities, the maximum permissible limit is 20 kilograms. In case
of joint holding, the investment limit (4 KG) is applicable to the first applicant
only, according to an official statement. (Also read: Looking to buy gold? Here's
all you need to know)

Maturity period
The bonds come with a term of eight years, with an exit option after the fifth year
to be exercised on the interest payment dates, according to the statement.This New
Device Finally Solves The India Mosquito/Bugs/Roaches Problem !! (Electric Pest
Reject)
EMAIL
PRINT
COMMENTS
Gold Bond Scheme To Open Next In August And September. Here's How To Invest
Gold bond scheme: The third and fourth tranches will open for subscription for five
days each

Did you know you can invest in gold without having to buy the yellow metal in
physical form? The government-run Sovereign Gold Bond scheme is one such scheme,
wherein the bonds are denominated in the multiple of one gram of gold. The
Sovereign Gold Bond or SGB scheme were announced in May this year, and the third
and fourth series of the bonds under the scheme will be issued in August and
September respectively. Sovereign Gold Bond is a certificate scheme in which the
Reserve Bank of India issues bonds on behalf of Government of India, through
scheduled commercial banks, Stock Holding Corporation of India (SHCIL), designated
post office branches, and stock exchanges NSE and BSE. Investment in SGBs can be
used as a collateral for loans.
Here are some important things to know about the gold bond scheme, from interest
rate to discount and return:
Who can invest?
Resident individuals, Hindu Undivided Families, trusts, universities and charitable
institutions can invest in the bond scheme. The investors will be issued a holding
certificate and the bonds will be eligible for conversion into demat form. (Also
read: Physical gold, gold ETF or gold bond: Where to invest?)

Important dates
The first and second tranches of the SGB scheme 2019-20 opened for subscription for
five days each in June and July this year. Similarly, the third and fourth tranches
will open for five days each starting August 5 and September 9 respectively.

Tranche Date of subscription Date of issuance

2019-20 Series III August 05-09, 2019 August 14, 2019
2019-20 Series IV September 09-13, 2019 September 17, 2019
(Source: Ministry of Finance)
Price and payment
The issue as well as redemption prices are fixed on the basis of a simple average
of closing prices of gold (99.9 per cent purity) listed by industry body IBJA for
the last three working days of the week before subscription. For example, for the
third tranche of the gold bond scheme, a simple average of the prices from August 1
to August 3 will be taken for arriving at the price. The bonds can be purchases
against payment through cash, demand draft, cheque or electronic banking (net
banking). For online subscribers, a discount of Rs. 50 per gram is available on the
issue price.

Investment limit
While the minimum investment allowed under the gold investment scheme is one gram,
a maximum limit of 4 kilograms is applicable for individual investors and HUFs. For
trusts and other entities, the maximum permissible limit is 20 kilograms. In case
of joint holding, the investment limit (4 KG) is applicable to the first applicant
only, according to an official statement. (Also read: Looking to buy gold? Here's
all you need to know)

Maturity period
The bonds come with a term of eight years, with an exit option after the fifth year
to be exercised on the interest payment dates, according to the statement.This New
Device Finally Solves The India Mosquito/Bugs/Roaches Problem !! (Electric Pest
Reject)
EMAIL
PRINT
COMMENTS
Gold Bond Scheme To Open Next In August And September. Here's How To Invest
Gold bond scheme: The third and fourth tranches will open for subscription for five
days each

Did you know you can invest in gold without having to buy the yellow metal in
physical form? The government-run Sovereign Gold Bond scheme is one such scheme,
wherein the bonds are denominated in the multiple of one gram of gold. The
Sovereign Gold Bond or SGB scheme were announced in May this year, and the third
and fourth series of the bonds under the scheme will be issued in August and
September respectively. Sovereign Gold Bond is a certificate scheme in which the
Reserve Bank of India issues bonds on behalf of Government of India, through
scheduled commercial banks, Stock Holding Corporation of India (SHCIL), designated
post office branches, and stock exchanges NSE and BSE. Investment in SGBs can be
used as a collateral for loans.
Here are some important things to know about the gold bond scheme, from interest
rate to discount and return:
Who can invest?
Resident individuals, Hindu Undivided Families, trusts, universities and charitable
institutions can invest in the bond scheme. The investors will be issued a holding
certificate and the bonds will be eligible for conversion into demat form. (Also
read: Physical gold, gold ETF or gold bond: Where to invest?)

Important dates
The first and second tranches of the SGB scheme 2019-20 opened for subscription for
five days each in June and July this year. Similarly, the third and fourth tranches
will open for five days each starting August 5 and September 9 respectively.

Tranche Date of subscription Date of issuance

2019-20 Series III August 05-09, 2019 August 14, 2019
2019-20 Series IV September 09-13, 2019 September 17, 2019
(Source: Ministry of Finance)
Price and payment
The issue as well as redemption prices are fixed on the basis of a simple average
of closing prices of gold (99.9 per cent purity) listed by industry body IBJA for
the last three working days of the week before subscription. For example, for the
third tranche of the gold bond scheme, a simple average of the prices from August 1
to August 3 will be taken for arriving at the price. The bonds can be purchases
against payment through cash, demand draft, cheque or electronic banking (net
banking). For online subscribers, a discount of Rs. 50 per gram is available on the
issue price.

Investment limit
While the minimum investment allowed under the gold investment scheme is one gram,
a maximum limit of 4 kilograms is applicable for individual investors and HUFs. For
trusts and other entities, the maximum permissible limit is 20 kilograms. In case
of joint holding, the investment limit (4 KG) is applicable to the first applicant
only, according to an official statement. (Also read: Looking to buy gold? Here's
all you need to know)

Maturity period
The bonds come with a term of eight years, with an exit option after the fifth year
to be exercised on the interest payment dates, according to the statement.