The Sovereign Gold Bond Scheme 2021-22 – Series X will open for subscription from today, February 28. The issue price for the same has been fixed at Rs5,109 per gram of gold.
Online subscribers can secure these bonds at a discount of Rs50 per gram at Rs5,059.
As per the Ministry of Finance, “In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated October 21, 2021, Sovereign Gold Bonds 2021-22 (Series X) will be opened for subscription during the period February 28- March 04, 2022, with Settlement date March 08, 2022.”
The issue price of the Bond during the subscription period shall be Rs5,109 — per gram, as also published by RBI in their Press Release dated February 25, 2022, the Ministry of Finance added.
The tenure of the bond will be for a period of eight years with an exit option after the fifth year to be exercised on the next interest payment dates. The Minimum permissible investment is 1 gram of gold.
Here are the key details:
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