Sovereign gold bond to open for subscription on May 17

TIL Desk/Business/New Delhi/ The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the finance ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday.

The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.The bonds will be sold through banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

The Reserve Bank of India will issue the bonds on behalf of the Government of India.