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Government Unveils Fourth Tranche of Sovereign Gold Bonds. It will be open for investment by resident individuals and institutional investors from 18th to 22nd July 2016

News and Press Release - Dated:- 18-7-2016 - The Ministry of Finance has launched the 4th Tranche of Sovereign Gold Bonds (SGB) and it will be open for investment by resident individuals and institutional investors from 18th to 22nd July 2016. The 4t .....

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ce the demand for physical gold, divert savings into financial instruments and in the process, to further narrow the current account deficit. SGB is physical gold plus since it also gives an interest of 2.75% per annum, payable every 6 months on init .....

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orm and can be used as collaterals for availing loans. SGB shall be repayable on the expiration of eight years from the date of the issue and premature redemption is permitted after 5th, 6th and 7th years from the date of issue of SGB. To attract sma .....

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