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Fourth tranche of Sovereign Gold Bonds Applications for the bond will be accepted from July 18 2016 to July 22 2016

News and Press Release - Dated:- 15-7-2016 - The Government of India, in consultation with the Reserve Bank of India, has decided to issue fourth tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from July 18, 2016 to July 22, 2016. The Bonds will be issued on August 5, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges viz., National Stock Exchange of India Limited and B .....

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ility 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(s) of gold with a basic unit of 1 gram. 5 Tenor The tenor of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates. 6 Minimum size Minimum permissible investment will be 1 grams of gold. 7 Maximum limit The maximum amou .....

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receding the subscription period. 10 Payment option Payment for the Bonds will be through cash payment (upto a maximum of ₹ 20,000) or demand draft or cheque or electronic banking. 11 Issuance form Government of India Stock under GS Act, 2006. The investors will be issued a Holding Certificate. The Bonds are eligible for conversion into demat form. 12 Redemption price The redemption price will be in Indian Rupees based on previous week s (Monday-Friday) simple average of closing price of g .....

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