The Government of India launched its Sovereign Gold Bond 2021-22 Series VIII (SGB) from 29 Nov 2021 to 3 Dec. 2021. Issue price for the Sovereign Gold Bond for this tranche has been fixed at Rs. 4,791 per gram. There will be a Rs 50 discount for investors bidding online.
| Gold Bond Product Details | – |
|---|---|
| Issue Name | Sovereign Gold Bonds Scheme 2021-22 – Series VIII (Tranche 57) |
| Symbol | SGB212208 |
| Issue Serial Number | 26869 |
| ISIN | IN0020210228 |
| Issue Period | 29 Nov to 3 Dec. 2021 |
| Issue Price | Offline BID: Rs. 4,791 Online BID: Rs. 4,741 (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. |
| 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 | 07 Dec 2021 |