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Sovereign Gold Bonds (SGB)



ABOUT THE ISSUE


Sovereign Gold Bond (SGB) Series 1, Tranche 22 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

    1gm - 4 kg

    Min. 1 gm &
    Max. 4 kg

  • Issue/Redemption Price

    999 purity

    Simple Average Price
    for gold of 999 purity
    published by IBJA



OTHER FEATURES



  • Issue Period

    April 16, 2018 – April 20, 2018

  • Issue Price

    The issue price of the
    Gold bonds will be Rs. 3064(Online Bid)

  • Fixed Rate

    2.50% pa payable
    semi-annually on the nominal value


STEPS


  • Step 1

    Login & click
    on Trading tab

  • Step 2

    Click on
    IPO/ OFS

  • Step 3

    Select ‘Sovereign Gold Bond Scheme’

  • Step 4

    Fill quantity in Bid 1 only, tick “cutoff” & Place Order

Note: Kindly ignore the remaining bidding rows i.e. Bid 2 & Bid 3

 


Insights

Main Office Address

Unit No. 2, Phoenix Market City,15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070.

Email Address

In case of any queries please write to: helpdesk@axisdirect.in

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