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        Case ID :

        Sovereign Gold Bond Scheme 2020-21 (Series VI) – Issue Price

        August 29, 2020

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        In terms of Government of India Notification No.4(4)-B/(W&M)/2020 dated April 13, 2020, Sovereign Gold Bonds 2020-21 (Series VI) will be opened for the period August 31- September 04, 2020 with Settlement date September 08, 2020. The issue price of the Bond during the subscription period shall be ₹ 5,117 (Rupees Five thousand One hundred Seventeen only) – per gram, as also published by RBI in their Press Release dated August 28,2020.

        Government of India in consultation with the Reserve Bank of India has decided to allow discount of ₹ 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be ₹ 5,067 (Rupees Five thousand Sixty Seven only) per gram of gold.

        Sovereign Gold Bond issue pricing set with an online digital payment discount for subscribers during the offering window. Sovereign Gold Bond Series VI subscription runs for a specified window with settlement on the announced date; the issue price is fixed at Rs. 5,117 per gram for the subscription period. A digital payment incentive grants a Rs. 50 per gram discount for investors who apply online and pay by digital mode, making their effective issue price Rs. 5,067 per gram.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Sovereign Gold Bond issue pricing set with an online digital payment discount for subscribers during the offering window.

                              Sovereign Gold Bond Series VI subscription runs for a specified window with settlement on the announced date; the issue price is fixed at Rs. 5,117 per gram for the subscription period. A digital payment incentive grants a Rs. 50 per gram discount for investors who apply online and pay by digital mode, making their effective issue price Rs. 5,067 per gram.





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