Lok Sabha Question No. 177 (UNSTARRED), answered on 2020-09-14
Subject: Sovereign Gold Bonds
Ministry: FINANCE
Asked by: P.P. Chaudhary, Sunil Kumar Singh

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA

UNSTARRED QUESTION NO. 177

TO BE ANSWERED ON MONDAY, THE 14 th  SEPTEMBER, 2020

(BHADRAPADA 23, 1942 (SAKA)

## Sovereign Gold Bonds

## 177.   SHRI P.P.CHAUDHARY and SHRI SUNIL KUMAR SINGH:

Will the Minister of FINANCE ( वित  ् त मंत्री ) be pleased to state:

- (a) the  details  of  investments  received  through  various  issues  of  Sovereign  Gold Bonds (SGBs) during last five years, series-wise;
- (b) the  details  of  investments  received  by  various  banks  under  Gold  Monetisation Scheme during last three years, bank-wise and State-wise; and
- (c) the details of steps taken, if any, by the Government apart from SGBs and Gold Monetisation  Scheme  to  shore  up  economy  during  post  Covid  period  by channelizing physical gold lying with households in India;

## ANSWER

## MINISTER OF STATE IN THE

MINISTRY OF FINANCE                            (SHRI ANURAG SINGH THAKUR)

- a): The total investment of ₹ 18,152.14 crore for 48165057 grams of gold has been received in 42 issuances since inception of the scheme. The details of the same are placed in Annexure I.
- (b): The deposits mobilised by designated banks under Gold Monetisation Scheme, 2015 during last three years is given in Annex-II.
- (c): No scheme has been announced during the post-COVID period for channelising physical gold lying with households in India.

***

## (ANNEXURE I)

| Series wise collection in the Sovereign Gold Bond Scheme   | Series wise collection in the Sovereign Gold Bond Scheme   | Series wise collection in the Sovereign Gold Bond Scheme   | Series wise collection in the Sovereign Gold Bond Scheme   |
|------------------------------------------------------------|------------------------------------------------------------|------------------------------------------------------------|------------------------------------------------------------|
| Sl. No.                                                    | Series                                                     | Amount Received (₹ Crore)                                  | Number of Units (Grams)                                    |
| 1                                                          | 2015-I                                                     | 245.20                                                     | 913571                                                     |
| 2                                                          | 2016-I                                                     | 746.41                                                     | 2870808                                                    |
| 3                                                          | 2016-II                                                    | 326.92                                                     | 1119741                                                    |
| 4                                                          | 2016-17 Series I                                           | 921.05                                                     | 2953025                                                    |
| 5                                                          | 2016-17 Series II                                          | 824.13                                                     | 2615800                                                    |
| 6                                                          | 2016-17 Series III                                         | 1,081.95                                                   | 3598055                                                    |
| 7                                                          | 2016-17 Series IV                                          | 653.61                                                     | 2220885                                                    |
| 8                                                          | 2017-18 Series I                                           | 598.37                                                     | 2027695                                                    |
| 9                                                          | 2017-18 Series II                                          | 665.04                                                     | 2349953                                                    |
| 10                                                         | 2017-18 Series III                                         | 78.28                                                      | 264815                                                     |
| 11                                                         | 2017-18 Series IV                                          | 113.17                                                     | 378985                                                     |
| 12                                                         | 2017-18 Series V                                           | 51.70                                                      | 174024                                                     |
| 13                                                         | 2017-18 Series VI                                          | 45.16                                                      | 153356                                                     |
| 14                                                         | 2017-18 Series VII                                         | 51.38                                                      | 175121                                                     |
| 15                                                         | 2017-18 Series VIII                                        | 40.17                                                      | 135666                                                     |
| 16                                                         | 2017-18 Series IX                                          | 31.27                                                      | 105512                                                     |
| 17                                                         | 2017-18 Series X                                           | 31.80                                                      | 107380                                                     |
| 18                                                         | 2017-18 Series XI                                          | 24.09                                                      | 81614                                                      |
| 19                                                         | 2017-18 Series XII                                         | 32.14                                                      | 111218                                                     |
| 20                                                         | 2017-18 Series XIII                                        | 37.88                                                      | 131958                                                     |
| 21                                                         | 2017-18 Series XIV                                         | 94.33                                                      | 327434                                                     |
| 22                                                         | 2018-19 Series I                                           | 202.51                                                     | 650337                                                     |
| 23                                                         | 2018-19 Series II                                          | 98.24                                                      | 312559                                                     |
| 24                                                         | 2018-19 Series III                                         | 130.31                                                     | 409398                                                     |
| 25                                                         | 2018-19 Series IV                                          | 64.84                                                      | 207886                                                     |
| 26                                                         | 2018-19 Series V                                           | 78.29                                                      | 243606                                                     |
| 27                                                         | 2018-19 Series VI                                          | 68.98                                                      | 207389                                                     |
| 28                                                         | 2019-20 Series I                                           | 146.95                                                     | 459789                                                     |
| 29                                                         | 2019-20 Series II                                          | 184.53                                                     | 535947                                                     |
| 30                                                         | 2019-20 Series III                                         | 358.59                                                     | 1024837                                                    |
| 31                                                         | 2019-20 Series IV                                          | 244.25                                                     | 627892                                                     |
| 32                                                         | 2019-20 Series V                                           | 172.65                                                     | 455776                                                     |
| 33                                                         | 2019-20 Series VI                                          | 265.85                                                     | 693210                                                     |
| 34                                                         | 2019-20 Series VII                                         | 246.03                                                     | 648304                                                     |
| 35                                                         | 2019-20 Series VIII                                        | 209.68                                                     | 522119                                                     |
| 36                                                         | 2019-20 Series IX                                          | 165.22                                                     | 405957                                                     |
| 37                                                         | 2019-20 Series X                                           | 322.63                                                     | 757338                                                     |
| 38                                                         | 2020-21 Series I                                           | 822.44                                                     | 1772874                                                    |
| 39                                                         | 2020-21 Series II                                          | 1,167.83                                                   | 2544294                                                    |
| 40                                                         | 2020-21 Series III                                         | 1,117.02                                                   | 2388328                                                    |
| 41                                                         | 2020-21 Series IV                                          | 2,004.27                                                   | 4130820                                                    |
| 42                                                         | 2020-21 Series V                                           | 3,386.97                                                   | 6349781 4,81,65,057                                        |
| TOTAL                                                      | TOTAL                                                      | 18,152.14                                                  |                                                            |

## (ANNEXURE II)

## Bank-wise and year-wise collection in the Gold Monetisation Scheme

| SI No.   | Name of Bank                                 | FY 2017-18   | FY 2018-19   | FY 2019-20       |
|----------|----------------------------------------------|--------------|--------------|------------------|
|          |                                              |              |              | ( Weight in Kgs) |
| 1        | Bank of Nova Scotia                          | 209.02       | 80.00        | 40.00            |
| 2        | Bank of Baroda (including e.Dena Bank)       | 89.90        | 0.00         | 0.00             |
| 3        | e.Corporation Bank (now Union Bank of India) | 0.12         | 0.00         | 0.00             |
| 4        | HDFC Bank Ltd                                | 160.00       | 69.00        | 209.99           |
| 5        | ICICI Bank Ltd                               | 19.07        | 0.33         | 6.09             |
| 6        | Indian Overseas Bank                         | 1079.19      | 2.19         | 15.00            |
| 7        | Punjab National Bank                         | 0.00         | 0.00         | 1.51             |
| 8        | State Bank of India                          | 5335.83      | 2611.60      | 4370.65          |
|          | Total                                        | 6893.13      | 2763.12      | 4643.25          |