Apply online through SIB Internet Banking or SIB Mirror+ to avail a discount of Rs.50/- each per gram of gold applied.
SGB Series XII 2020-21 Features
|
Bond Issue - Starting Date
|
March 01, 2021 |
|
Bond Issue - Ending Date
|
March 05, 2021
|
|
Date of Issuance
|
March 09, 2021
|
|
Issue Price
|
Offline rate Rs.4,662/gram of gold
|
| Online Rate Rs.4,612/gram of gold |
|
Minimum investment
|
1 gram
|
|
Maximum investment
|
4 kg for individuals and Hindu Undivided Family (HUF), 20 kg for trusts, Universities and Charitable Institutions in a fiscal year from April-March.
|
|
Rate of Interest
|
2.50 % (fixed rate) per annum
|
|
Frequency of Interest Payment
|
Half Yearly Rests
|
|
Mode of Holding
|
Paper Form or Demat Form
|
|
Tenure
|
8 years with exit option from 5th year on interest payment date.
|
|
Taxation
|
No TDS, but annual interest is fully taxable.
Capital Gain Tax is exempted if held till maturity.
|