Further, the government has decided to offer a discount of Rs 50 per gram for investors applying online and making payment for the purchase of the bond through digital mode.
"For such investors, the issue price of gold bond will be Rs 3,785 per gram of gold," the finance ministry said.
In view of the ongoing festive season, which ends with Diwali later this month, the government issued the previous Series V of the SGB scheme earlier this month.
Under the scheme, bonds are denominated in units of one gram of gold and multiples thereof. Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 gram per person per fiscal year (April-March).
The maximum limit of subscription is 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.