Sovereign Gold Bond Scheme 2021-22
- The Central Government, in consultation with the Reserve Bank of India, has decided to issue sovereign gold bonds.
- These gold bonds will be issued in six phases from 17 May to 7 September of 2021.
- The minimum permissible investment in these bonds would be one gram of gold.
- The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
- Investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value.
- The Bonds will be restricted for sale to resident individuals, Hindu Undivided Families, Trusts, Universities and Charitable Institutions.
- The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.