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Government, in consultation with the Reserve Bank of India, decides to issue Second Tranche of Sovereign Gold Bonds Scheme 2016; Applications for the bonds to be accepted from 18th January to 22nd January, 2016; Bonds to be issued on February 8, 2016 and will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices.

News and Press Release - Dated:- 15-1-2016 - The Government of India, in consultation with the Reserve Bank of India, has decided to issue second tranche of Sovereign Gold Bonds. Applications for the bonds will be accepted from January 18, 2016 to Ja .....

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rrowing programme of the Government of India. It may be recalled that Honourable Finance Minister had announced in Union Budget 2015-16 about developing a financial asset, Sovereign Gold Bond, as an alternative to purchasing metal gold. Accordingly, .....

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the Government of India. 3 Eligibility The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, trusts, Universities and charitable institutions. 4 Denomination The Bonds will be denominated in multiples of gram( .....

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grams of gold). 7 Maximum limit The maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year (April-March). A self-declaration to this effect will be obtained. 8 Joint holder In case of joint holding, the inve .....

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e price Price of Bond will be fixed in Indian Rupees on the basis of the previous week s (Monday-Friday) simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Ltd. (IBJA). 11 Payment option Pay .....

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onds are eligible for conversion into demat form. 13 Redemption price The redemption price will be in Indian Rupees based on previous week s (Monday-Friday) simple average of closing price of gold of 999 purity published by IBJA. 14 Sales channel Bon .....

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