Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Current service typeExisting-holder servicing for Government of India Sovereign Gold Bonds; no current SBI primary issue is evidenced
Source 1Issuer and denominationIssued by the Reserve Bank of India on behalf of the Government of India, denominated in one-gram units of gold
Source 2Original subscription eligibilityResident individuals, including joint holders and minors, HUFs, trusts, universities and charitable institutions
Source 3Original annual issue limitsMinimum 1 gram; maximum 4 kg per fiscal year for an individual or HUF and 20 kg for trusts and similar entities
Source 4Fixed interest on issue price2.50% p.a. on nominal value, paid semiannually
Source 5Bond tenure and early redemption8 years; eligible premature redemption on an interest-payment date in the fifth, sixth or seventh year, subject to RBI's notified calendar
Source 6Gold-linked redemption valueIndian-rupee value based on the simple average closing price of 999-purity gold for the previous three working days as published by IBJA
Source 7Holding, transfer and collateralEligible for dematerialisation, transfer and exchange trading after issuance under applicable rules; may serve as loan collateral subject to lender policy
Source 8Benefits and features
- Government of India issuance
- 2.50% nominal annual interest paid semiannually
- Gold-linked maturity value
- Scheduled early-redemption route after year five
- Demat and transfer support
- Potential loan collateral under lender policy
Eligibility
- This is an existing-holdings service record, not a representation that SBI currently accepts new primary subscriptions.
- The online ₹50-per-gram primary-issue discount applies only when a Government issue is open; no current tranche is evidenced here.
- Premature redemption requests must follow RBI's tranche-specific window and the holder's receiving-office or depository process.
- Gold-price exposure means the rupee redemption value can be below the holder's acquisition price.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Sovereign Gold Bond certificate or demat holding details
- Receiving-office or depository premature-redemption request submitted within the notified window
- KYC and bank-account details where the servicing authority requires an update
- Succession, nomination or transfer evidence where applicable