Sovereign Gold Bond 2020-21 Series 11

Sovereign Gold Bond 2020-21 Series 11

This has reference to the GoI notification F.No.4(4)-B(W&M)/2020 and RBI IDMD.CDD.No.2729/14.04.050/2019- 20 dated April 13, 2020 announcing that the Sovereign Gold Bond Scheme 2020-21 – Series 11 (Tranche 48) will be open for subscription from Monday, February 01, 2021 to Friday, February 05, 2021.


The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bond Scheme 2020-21 –Series 11 (Tranche 48) will be open for subscription from Monday, February 01, 2021 to Friday, February 05, 2021 for trading members to subscribe to the issue for their clients.


Members will be able to place bids for physical mode for their clients to hold SGB units in non-demat form. This will be in addition to the existing bid entry in demat mode through iBBS system - Exchange’s existing web-based online bidding platform for IPO, Offer for Sale (OFS), Offer to buy (OTB) issues.

Issue Details

 Issue Name  Sovereign Gold Bonds Scheme 2020-21 - Series 11 (Tranche 48) (View Report)
  Symbol  SGB202111
 Issue serial number  25285
 ISIN  IN0020200393
 Issue Period  Monday, February 01 to Friday, February 05, 2021
 Issue Price (per gram of gold)

Online BID: Rs. 4,862 (For investors applying online and the payment against the application is made through digital mode)
 Offline BID: Rs. 4,912
 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 09, 2021

  

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