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Sovereign Gold Bond 2020-2021 – Series IV- July 2020
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| Issue |
Sovereign Gold Bond 2020-2021 – Series IV |
| Issue Opening Date |
July 06, 2020 |
| Issue Closing Date |
July 10, 2020 |
| Issue Price for Online Mode |
4,802/- Per Gram (Rs.50 Discount per gram for applying Online & payment in digital mode) |
| Issue Price for Other Mode |
4,852/- per Gram |
| Bidding Session Time |
9.00 A.M. to 5.00 P.M |
| Minimum Bid Quantity |
1 (gram) |
| Maximum Bid Quantity(for Individual & HUF) |
4000 Gram |
| Maximum Bid Quantity(for Trust and similar entities notified by Govt. ) |
20000 Gram |
| Issuance mode of the instrument |
Demat / Physical mode |
| Interest Payable |
2.50% assured interest per annum on the investment payable semi annually |
| Tenor |
8 years with exit option after the 5th year of the date of issue |
| Interest on application |
Not applicable |
| Who can apply? |
Resident Individuals, HUFs, Trusts, Universities and Charitable Institutions |
| Listing |
NSE / BSE |
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source: timesnownews.com
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Issue Details
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The process to be followed: Physical & Demat
· The client who have to apply Physical & Demat will remit through NEFT/RTGS/Transfer to the below mentioned Banks.
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Beneficiary Name : NSE Clearing – New Mutual Fund Platform
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Beneficiary Bank Name : HDFC Bank Ltd
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Beneficiary Branch Name : Fort, Mumbai
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Account No : 50200009635552
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Account Type : Current Account
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IFSC Code (For RTGS / NEFT Transfers) : HDFC0000060
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· Please ensure the client remit’s the exact amount i.e. Unit price * No. of grams…In case the client’s bank is charging any fees for remittance then add the fees to the total.
· The details of the investment have to be shared in the attached templates.
· The KYC documents ( PAN & Aadhaar Card ), DP Master ( for Demat Investor ) & cancelled cheque scan copy have to be mailed.
· Cut of Time for SGB is at 3.00 pm.
