Saturday, July 4, 2020

Sovereign Gold Bond 2020-2021 - Series IV- July 2020



 

Sovereign Gold Bond 2020-2021 - Series IV- July 2020

 


IssueSovereign Gold Bond 2020-2021 - Series IV
Issue Opening DateJuly 06, 2020
Issue Closing DateJuly 10, 2020
Issue Price for Online Mode4,802/- Per Gram (Rs.50 Discount per gram for applying Online & payment in digital mode)
Issue Price for Other Mode4,852/- per Gram
Bidding Session Time9.00 A.M. to 5.00 P.M
Minimum Bid Quantity1 (gram)
Maximum Bid Quantity(for Individual & HUF)4000 Gram
Maximum Bid Quantity(for Trust and similar entities notified by Govt. )20000 Gram
Issuance mode of the instrumentDemat / Physical mode
Interest Payable2.50% assured interest per annum on the investment payable semi annually
Tenor8 years with exit option after the 5th year of the date of issue
Interest on applicationNot applicable
Who can apply?Resident Individuals, HUFs, Trusts, Universities and Charitable Institutions
ListingNSE / BSE



 
Sovereign Gold Bond 2020-2021 - Series IV- July 2020


source: timesnownews.com


 

Issue Details

 

 


The process to be followed: Physical & Demat

 

·         The client who have to apply Physical & Demat will remit through NEFT/RTGS/Transfer to the below mentioned Banks.  

 

Beneficiary Name : NSE Clearing – New Mutual Fund Platform

Beneficiary Bank Name : HDFC Bank Ltd

Beneficiary Branch Name : Fort, Mumbai

Account No : 50200009635552

Account Type : Current Account

IFSC Code (For RTGS / NEFT Transfers) : HDFC0000060

 

·         Please ensure the client remit’s the exact amount i.e. Unit price * No. of grams…In case the client’s bank is charging any fees for remittance then add the fees to the total.

·         The details of the investment have to be shared in the attached templates.

·         The KYC documents ( PAN & Aadhaar Card ), DP Master ( for Demat Investor ) & cancelled cheque scan copy have to be mailed.

·         Cut of Time for SGB is at 3.00 pm.

 

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