Government offers discount to subscribers of gold bond scheme using digital mode

The government will give a discount in its forthcoming gold bond scheme to investors who apply online using the digital mode.

Accordingly, the Centre in consultation with the Reserve Bank of India will allow a discount of Rs 50 per gram from the issue price to investors using the digital medium for a subscription.

The issue price of the bond in the scheme which opens on December 28 is Rs 5,000 per gram. But investors getting a discount will be allowed to subscribe to the bond at Rs 4,950.

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