Sovereign Gold Bond: The central authorities, in session with the Reserve Bank of India (RBI) immediately determined to situation the schedule for the Sovereign Gold Bonds Scheme 2021-22. The Sovereign Gold Bonds Scheme 2021-22 will likely be issued in six tranches, ranging from May 2021 to September 2021. According to an announcement launched by the Ministry of Finance on Wednesday, May 12, the subscription for the primary tranche of Sovereign Gold Bonds Scheme 2021-22 will open on May 17, 2021, and can finish on May 21, 2021, remaining open for traders for a interval of 5 days.
The date of issuance for the primary trance is May 25, 2021. As per the schedule, the second tranche will begin on May 24 and can finish on May 28, 2021. The third trance is between May 31, remaining open for subscription until June 4.
The fourth tranche will start on July 12 and can finish on July 16. The fifth tranche is between August 9 and August 13. Lastly, the sixth tranche is between August 30- September 3, 2021.
The gold bonds will likely be bought by way of the scheduled industrial banks, apart from the small finance banks and cost banks, designated submit places of work, recognised inventory exchanges equivalent to Bombay Stock Exchange Limited and National Stock Exchange of India, and Stock Holding Corporation of India Limited.
According to the Reserve Bank of India, the gold bonds will likely be restricted on the market to the resident people, trusts, universities, hindu-undivided households (HUF), in addition to charitable establishments. The gold bonds will likely be denominated in multiples of gram(s) of gold with a primary unit of 1 gram. The minimal permissible funding will likely be one gram of gold through the subscription window.