About

  • Sovereign Gold Bond is issued on behalf of the Government of India by the RBI on payment of rupees and denominated in grams of gold. The Bond has a sovereign guarantee.

Eligibility

  • The Bond may be held by a person resident in India(Individual / On or behalf of minor child / Jointly with any other individual).
  • The bond may also be held by a Trust, Charitable Institution and University.
  • Minimum investment in the Bond is one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family ( HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year ( April – March)

Benefits

  • The bond is available both in demat and paper form.
  • The Bond shall bear interest at the rate of 2.50 percent ( fixed rate ) per annum on the amount of initial investment.
  • The Bond can be used as collateral for loans.
  • The Bond shall be repayable on the expiration of eight years from the date of issue of Gold bonds.
  • Pre-mature redemption of the Bond is permitted from fifth year of the date of issue on the interest payment dates
  • NOTE: please visit www.rbi.org.in for latest instructions/ modification in the scheme.