India
NRI
ABOUT THE ISSUE
Sovereign Gold Bond (SGB) are government securities denominated in grams of gold, issued by Reserve Bank on behalf of Government of India. SGB is easy to buy through exchanges whenever there is a new issuance as well as through the secondary market. SGB is easy to store and easy to liquidate as compared to other forms. It provides transparency in dealing and assurance in quality. Sovereign Guarantee for redemption amount and interest payment.
-
Interest on Bond
2.50% p.a.
(semi annual) on the amount of initial investment
-
Tenor
8 years
(with exit option from
5th year to be exercised on the interest payment dates -
Investment Limit
1 - 500 gms
Min. 1 gm &
Max. 500 gms -
Issue/Redemption Price
999 purity
Simple Average Price
for gold of 999 purity
published by IBJA
OTHER FEATURES
-
Issue Period
July 10, 2017 – July 14, 2017
-
Issue Price
The issue price of the
Gold bonds will be Rs. 2780 -
Fixed Rate
2.50% pa payable
semi-annually on the nominal value
STEPS
-
Step 1
Log in to your AxisDirect account
-
Step 2
Under Trading tab, click on IPO/OFS section
-
Step 3
Click on “Current IPO/FD/OFS” tab
-
Step 4
Select “Sovereign Gold Bond” & click “apply”