Govt offers discount to endorsers of gold bond plot utilizing digital mode

Govt offers discount to endorsers of gold bond plot utilizing digital mode

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The public authority will rebate in its impending gold bond plan to speculators who apply the internet to utilize the digital mode. 

Appropriately, the Center in an interview with the Reserve Bank of India will permit rebate of Rs 50 for each gram from the issue cost to speculators utilizing the digital mode for membership. 

The issue cost of the bond in the plan which opens on December 28 is Rs 5,000 for every gram. 

However, speculators getting rebate will be permitted to buy into the bond at Rs 4,950. 

Sovereign Gold Bonds 2020-21 (Series IX) will be opened for December 28, 2020 – January 1, 2021, with a settlement date of January 5, 2021.


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