Department : PRIMARY MARKET SEGMENT Download Ref No: NSE/ IPO / 44338 Date : May 08 , 2020 Circular Ref. No: 08 / 2020 All Members, Sovereign Gold Bond 20 20 - 21 - Is suance and Subscription - Series I I This is in continuation and partial modifi cation to our circular ref no 05 /20 20 (Download No. 4 3717 ) dated February 28 , 20 20 regarding Issuance and Subscription of Sovereign Gold Bond 201 9 - 20 - Series X . The Government of India (GOI) vide its notification F.No.4(4) - B W&M/2020 dated April 13 , 20 20 and Reserve Bank of India (RBI) vide its ci rcular bearing Ref. No. RBI/2019 - 2020/2213 dated April 13, 2020 has notified operational guidelines for the issuance and settlement of Sovereign Gold Bonds (SGB) 20 20 - 21 - Series I to Series VI . Further, RBI vid e Press Release dated May 08 , 2020 , provided details of Sovere ign Gold Bond 2020 - 21 - Series I I . The facility for issuance and subscription of SGB 2020 - 21 - Series I I shall be available from May 11 , 2020 . The parameters for the same are as follows: Security symbol SGB 202102 Series GB Issue Price for Online Mode . 4540 / - Per Gram (for applying online & payment in digital mode) Issue Price for Other Mode . 4590 / - Per Gram Issue Start Date May 11 , 20 20 Issue Close Date May 15 , 2020 Bidding Session Time 9 .00 A.M. to 5.00 P.M. Minimum Bid Quantity 1 (gram) Maximum Bid Quantity 4000 (grams) for Individual, HUF & 20000 (grams) for Trust and similar entities notified by Govt. * ( * )The maximum limit of subscribed shall per fiscal (April - March) notified by the Government from time to time. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market. Members are requested to note the following: - 1. As per RBI Press Release No 2019-2020/2342 dated May 08 , 2020 , Investor can apply in on - line / off - line (other) mode. The issue price of the Gold Bonds will be . 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. 2. For the subscription period from May 11 , 2020 to May 15 , 2020 with settlement on May 19 , 2020 , the nominal value of the bond . 4590 / - ( Rupees Four Thousand F ive Hundred Nine ty only ) - per gram. The issue price of the Gold Bonds will be . 50 per gram less for those who subscribe online and pay through digital mode. The funds obligation will be generated on respective issue price and accordingly the funds shall be collected. 3. Trading Member participating in SGB subscription are required to maintain an active clearing bank and depository account with NSE Clearing Limited, to facilitate funds/securities settlement . For more update, please refer NSE Cir No. NSE/IPO/40943 dated May 08, 2019. 4. The Bonds will be restricted for sale to resident ind ividuals, HUFs, Trusts, Universities and Charitable Institutions. 5. Applications in Demat and Physical mode shall be accepted. However, for physical mode, application form is mandatory and therefore it will be treated as offline mode. 6. The “ Direct Investor Pa yment Facility” has been discontinued . Investors are requested not to transfer any funds directly in designated NCL ( formerly known as NSCCL) account for SGB. 7. Every application for Demat / Physical mode must be accompanied by PAN only . 8. No interest will be paid on application amount. 9. Members are requested to select the on - line/off - line mode of application at the time of manual bid entry accordingly the relevant issue price shall be applicable. 10. In case of bulk file upload facility, based on the price input provided by the members the on - line or off - line (other) mode of application shall be considered. There is no change in the bulk upload file format. Members may refer to the following Annexures for further details: Particulars Annexure No RBI Press Release 1 Timelines for funds obligation report, pay - in time and other transaction activities 2 For and on behalf of National Stock Exchange of India Limited Abhijeet Sontakke Associate Vice President Toll Free No Email id 1800 - 266 - 00 - 50 msm@nse.co.in Annexure - 2 . Day wise schedule for Fund Collection for the Bids placed through Normal route (i.e. client along with subscription request provide funds to trading member/participant’s clearing bank account) is given below: - Issue date (Bid entry date) Fund Pay in Rep ort Fund Collection 11 - May - 20 20 11 - May - 20 20 12 - May - 20 20 12 - May - 20 20 12 - May - 20 20 13 - May - 20 20 13 - May - 20 20 13 - May - 20 20 14 - May - 20 20 14 - May - 20 20 14 - May - 20 20 15 - May - 20 20 15 - May - 20 20 15 - May - 20 20 18 - May - 20 20 . Tentative time cycle for transaction activities for SGB shall be as under: Activity Tentative Timelines During Issue Period (T day) T day Bid Entry for Gold Bond Issuance 9 :00 am - 5:00 pm Mismatch Report after validation bids with Depository 5:30 pm Funds pay - in Report 6:00 pm T+1 day Cut off time for Bids Withdrawal Request by Participant (CIM) 09:30 am Cut off time to provide clear funds for funds collection 10:30 am Issue Closure (T Day) .15 - May - 20 20 Bid Entry for Gold Bond Issuance 9:00 am - 5 :00 pm Mismatch Report after validation bids with Depository 5 :30 pm Modification of Bid details Upto 6:0 0 pm Fund pay - in Report 6:3 0 pm T+1 Day .18 - May - 20 20 Cut off time for Bids Withdrawal Request by Participant (Nmass) 09:30 am Cut off time to provide clear funds for funds collection 10:30 am Cut - off time for updating clients information 1:00 p m