SGBSEP29VI Complete Details

Know about each and every detail of SGBSEP29VI

Sept. 18, 2021, 1:42 p.m.

Sovereign Gold Bond

Sept. 18, 2021, 1:42 p.m.

Sovereign Gold Bond

SGBSEP29VI or SGBSEP29VI-GB is the name of a sovereign gold bond series 6 which was issued on September 07, 2021 by the RBI and is listed on the National Stock Exchange and Bombay Stock Exchange. It was open for subscription from August 30 – September 03, 2021. As per the Reserve Bank of India, SGBs or Sovereign Gold Bond are government securities denominated in grams of gold. These are the substitutes for holding physical gold where a semi-annual interest is provided till the maturity date (Interest Rate 2.50% on Issue Price).

SGBSEP29VI Issue Price

The issue price of the bond is based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. August 25, August 26 and August 27, 2021. Here the issue price is 4732/-.

SGBSEP29VI Interest Payment Date

Here the interest amount is calculated on the face value amount which is Rs. 4732/- and will pay interest of Rs. 59.15 semi-annually on 7th September and on 7th March periodically till the maturity date.

Redemption Date of this Issue

On maturity or redemption date which is 7th September 2029, it is going to be redeemed and will pay back maturity amount which will depend on the Gold Price as per IBJA Rates at the time of maturity. The amount will be credited to your Demat linked bank account on the maturity date.

Units Issued under this SGB Series

This SGB has high liquidity in the secondary market. Liquidity is high due to high subscription in Demat form by the public. If people apply for sgbs in Demat form then they can easily sell these bonds in the secondary market. Here the total Subscription units are 3520341 units as per RBI data.

ISIN Code of this SGB

IN0020210145 is the Unique International Securities Identification Number of SGBSEP29VI.

How to buy this SGB?

If you are planning to invest in this SGB then you need to have a Demat account to hold and a trading account to place buy order on stock exchanges. If you have a Demat account and a trading account with Upstox or Zerodha (open your trading account now by clicking on the name) then you can easily buy any SGBs from the secondary market. If you want to buy this SGB from the secondary market then you just need to place an order on your stockbroker’s platform by searching the name SGBSEP29VI (for placing an order on NSE) or SGBSEP29 (for placing an order on BSE). Before buying you should calculate the return on this SGB because the prices are trading at a premium, to know the calculation steps click here.

Bonus

To know about each and every listed gold bond on stock exchanges you can check out this link and select gold bonds https://www.moneyseth.com/bonds/ Note: Before buying any SGB from the secondary market do calculate your returns so that you don't miss the benefit of interest payment (Sovereign Gold Bond Return Calculation).

Tags - SGBSEP29VI SGBSEP29 SGBSEP29VI-GB

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