Sovereign Gold Bond 2020-21 sets subscription limits, payment modes, demat option, semiannual interest and eight year maturity. Sovereign Gold Bond 2020-21 is offered to resident Indian entities with subscriptions via designated receiving offices using cash, cheque/DD or electronic ... Summary
Sovereign Gold Bond 2020-21 sets subscription limits, payment modes, demat option, semiannual interest and eight year maturity.
Sovereign Gold Bond 2020-21 is offered to resident Indian entities with subscriptions via designated receiving offices using cash, cheque/DD or electronic transfer; bonds may be held in physical or dematerialised form. Minimum subscription is one gram; maximum annual limits are 4 kg for individuals/HUF and 20 kg for trusts. Interest is paid semi annually to the supplied bank or linked demat account; maturity is eight years with premature redemption permitted on coupon dates after year five. Nomination, PAN, bank details and declarations are required and earlier notification terms apply.
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