Sovereign Gold Bond 2019-20 Series IX

Government of India has vide its Notification F.No.4(7)-B W&M/2019 dated September 30, 2019 announced the Sovereign Gold Bond Scheme 2019-20 Series V/VI/VII/VIII/IX/X. Under the scheme there will be a distinct series (starting from Series V) for every tranche which will be indicated on the Bond issued to the investor. The Government of India (GoI) may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as indicated in the GoI notification.

Issue Details

 

 Issue Name  Sovereign Gold Bonds Scheme 2019-20 – Series IX (Tranche 36) ( View Report )
 Symbol  SGB192009
 Issue serial number  23226
 ISIN  IN0020190545
 Issue Period  Monday, February 3 to Friday, February 7, 2020
 Issue Price (per gram of gold)  Online BID: Rs. 4,020 (For investors applying online and the payment against the application is made through digital mode)
 Minimum Quantity  1 gram
 Maximum Quantity  The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.
 Bid Quantity Multiple  1 gram
 Rate of Interest  

 2.50% per annum on the amount of initial investment. It shall commence from the
date of its issue and is payable every 6 months.
 Date of Allotment  February 11, 2020

  

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