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Sovereign Gold Bond Scheme (SGB) 2020-21, series VII opens for subscription

October 12, 2020
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Govt. has announced the Sovereign Gold Bond Scheme (SGB) 2020-21, Series VII, VIII, IX, X. XI and XII. There will be a distinct series for every tranche. The SGB Scheme 2020-21 Series VII will be open for subscription From October 12-16, 2020. SGB 2020-21 is issued by the RBI on behalf of Govt. Bonds are denominated in multiples of grams of gold with a basic unit of 1 gram and tenure of the SGB will be 8 years with exit option after 5th year to be exercised on interest payment dates.
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