Sovereign Gold Bond 2020-2021 – Series V- August 2020 Issue

Sovereign Gold Bond 2020-2021 – Series V- August 2020 Issue Details:
Issue	Sovereign Gold Bond 2020-2021 – Series V
Issue Opening Date	August 03, 2020
Issue Closing Date	August 07, 2020
Issue Price for Online Mode	5,284/- Per Gram (Rs.50 Discount per gram for applying Online & payment in digital mode)
Issue Price for Other Mode	5,334/- per Gram
Bidding Session Time	10.00 A.M. to 3.00 P.M.- Physical & Demat mode
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

 

 

·         The client who have to apply Physical & Demat Mode 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 in PDF format ( PAN & Aadhaar Card ), DP Master ( for Demat Investor ) & cancelled cheque scan copy have to be mailed.

·         Cut of Time for Physical & Demat Mode of SGB on 6^th August 2020 is at 7.00 P.M.