Government of India has vide its Notification No F.No4.(4)-B (W&M)/2021 dated May 12, 2021 has announced the Sovereign Gold Bond Scheme 2020-21, Series I, II, III, IV, V and VI. Under the scheme there will be a distinct series (starting from Series I) for every tranche. The terms and conditions of the issuance of the Bonds shall be as per the above notification.
Date of Issue
The date of issuances shall be as per the details given in the calendar below:
2021-22 Series I
Date of Issuance - May 17–21, 2021
Date of Subscription - May 25, 2021
2021-22 Series II
Date of Issuance - May 24–28, 2021
Date of Subscription - June 01, 2021
2021-22 Series III
Date of Issuance - May 31-June 04, 2021
Date of Subscription - June 08, 2021
2021-22 Series IV
Date of Issuance - July 12- 16, 2021
Date of Subscription - July 20, 2021
2021-22 Series V
Date of Issuance - August 09-13, 2021
Date of Subscription - August 17, 2021
2021-22 Series VI
Date of Issuance - August 30- September 03, 2021
Date of Subscription - September 07, 2021
Period of subscription
The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above.
Application
Subscription for the Bonds may be made in the prescribed application form. Form A or in any other form as near as thereto, stating clearly the grams (in units) of gold and the full name and address of the applicant. Every application must be accompanied by the ‘PAN details’ issued by the Income Tax Department to the investor(s). Scheduled Commercial Banks (excluding RRBs, Small Finance Banks and Payment Banks), designated Post Offices (as may be notified), Stock Holding Corporation of India Ltd (SHCIL) and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Ltd. are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers The Receiving Office shall issue an acknowledgment receipt in Form B’ to the applicant.
In addition to receipt of application, the Receiving Offices are also entrusted with the responsibility of providing service to the investors of the SGB and are required to be guided by rules and regulations issued by RBI in this regard from time to time. With a view to facilitate availability of all current operative instructions regarding servicing of these bonds at one place, RBI has issued consolidated procedural/operational guidelines vide circular IDMD.CDD.2730/14.04.050/2019-20, dated April 13, 2020. and the same is available on RBI website. The Receiving Offices shall be guided by these instructions while dealing with all the procedural aspects and providing service to the investors.
All other terms and conditions specified in the notification of Government of India in the Ministry of Finance (Department of Economic Affairs) vide Notification F.No.4(2)-W&M/2018 dated March 27, 2018 shall apply to the Bonds.
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