The government announces new tranches of Sovereign Gold Bonds

The government has decided to come up with a fresh issue of Sovereign Gold Bonds (SGBs) in the first half of this fiscal year. The bonds will be available in six tranches, with the first one being available for subscription from April 20, 2020. Here are the details of all the tranches: The bonds will be available for subscription only to resident individuals, HUFs, trusts, universities and charitable institutions, with a minimum permissible investment of 1 gram gold and a maximum subscription limit per fiscal being 4 kg for individuals and HUFs and 20 kg for trusts and similar entities. These bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchang