Apply online through SIB Internet Banking to avail a discount of Rs.50/- each per gram of gold applied.
SGB Series X 2020-21 Features
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Bond Issue - Starting Date
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January 11,2021 |
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Bond Issue - Ending Date
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January 15,2021
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Date of Issuance
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January 19, 2021
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Issue Price
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Offline rate Rs.5,104/gram of gold
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| Online Rate Rs.5,054/gram of gold |
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Minimum investment
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1 gram
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Maximum investment
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4 kg for individuals and Hindu Undivided Family (HUF), 20 kg for trusts, Universities and Charitable Institutions in a fiscal year from April-March.
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Rate of Interest
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2.50 % (fixed rate) per annum
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Frequency of Interest Payment
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Half Yearly Rests
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Mode of Holding
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Paper Form or Demat Form
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Tenure
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8 years with exit option from 5th year on interest payment date.
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Taxation
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No TDS, but annual interest is fully taxable.
Capital Gain Tax is exempted if held till maturity.
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