<h1>India Announces Sovereign Gold Bonds Issuance in Six Tranches, Offering 2.5% Interest and Tax Exemption on Redemption.</h1> The Government of India, in consultation with the Reserve Bank of India, announced the issuance of Sovereign Gold Bonds in six tranches from May to September 2021. These bonds, available to resident individuals, Hindu Undivided Families, trusts, universities, and charitable institutions, are denominated in grams of gold with a minimum investment of 1 gram. The bonds have an eight-year tenor, with an exit option after the fifth year, and offer a fixed interest rate of 2.50% per annum. They can be used as loan collateral and are tradable on stock exchanges. The bonds are exempt from capital gains tax upon redemption.