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Third Tranche of the Sovereign Gold Bond Scheme to remain open from 8th March 2016 (Tuesday) to 14th March 2016 (Monday)

News and Press Release - Dated:- 5-3-2016 - The Third Tranche of the Sovereign Gold Bonds will be kept open from 8th March 2016 (Tuesday) to 14th March, 2016 (Monday). The Bonds will be issued on 29th March, 2016. Shri Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance has held a review meeting with the CMDs of the Banks on 3rd March, 2016 and discussed their preparedness for the third tranche of SGB. To increase the awareness among depositors, Government is continui .....

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ld Bonds are issued by RBI on behalf of the Government of India on payment of the required amount in rupees and are denominated in grams of gold. The Bonds are restricted for sale to resident Indian entities including individuals, HUFs, trusts, Universities, charitable institutions. Minimum permissible investment is 2 grams of gold to be paid in rupees. The maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year (April-March). Government has fixed the ra .....

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