Sovereign Gold Bond 2020-2021 – Series IV- July 2020

Sovereign Gold Bond 2020-2021 – Series IV- July 2020

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 source: timesnownews.com

Issue Details

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.  

 

Beneficiary Name : NSE Clearing – New Mutual Fund Platform

Beneficiary Bank Name : HDFC Bank Ltd

Beneficiary Branch Name : Fort, Mumbai

Account No : 50200009635552

Account Type : Current Account

IFSC Code (For RTGS / NEFT Transfers) : HDFC0000060

 

·         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.