Updated: Aug 6, 2020
Sovereign Gold Bond Issue opens from Aug 03-07, 2020. Gold bonds will give 2.5% interest, no GST, tax savings and Value accumulation.
2020-21 Series V SGB issue details
Offer period :August 3 to 7, 2020 (the bonds will be issued on August 11)
Issue Price :Rs 5,284 (per gram of gold)
Maturity :Eight years with exit option from the fifth year to be exercised on interest
payment dates; these bonds will be eligible for trading from the date as
notified by the RBI
Subscription limits for individuals :
A minimum 1 gram of gold and a maximum 4 kilogram of gold per person in
a fiscal (the April-March period); available in units of 1 gram of gold and
Subscription limits for trusts and other institutions :
A minimum 1 gram of gold and a maximum 20 kilogram of gold per institution
in a fiscal (the April-March period); available in units of 1 gram of gold and
Taxation :The interest on SGBs shall be taxable as per the provisions of the Income Tax
Act, 1961 (43 of 1961). Individuals are exempted from paying the capital gains
tax arising on redemption of SGBs.
The indexation benefits will be provided to the long-term capital gains arising to
any person on transfer of the bonds.