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Collections under Sovereign Gold Bond Scheme Reach a New High

News and Press Release - Dated:- 1-8-2016 - The amount realised through the 4th tranche, at around ₹ 919 Crores, is the highest achieved as yet In pursuance of the announcement in Union Budget 2015-16, Sovereign Gold Bond (SGB) scheme was launc .....

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his financial year too from July 18-22, 2016, the GOI, in consultation with RBI, launched the 4th Tranche of SGB. To improve attractiveness of SGB, new product features were introduced this time. The minimum subscription limit was reduced from 2 gm t .....

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was issued in Demat/ paper form. National Stock Exchange and Bombay Stock Exchange were notified as additional receiving offices. Trading of Gold Bonds was also operationalised. The issue price of the Sovereign Gold Bond in 4th tranche was fixed at & .....

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anche, at around ₹ 919 Crores, is the highest achieved as yet. The previous highest was ₹ 746 Crores in the 2nd tranche when the issue price was only ₹ 2600 per gram of gold. This was mobilised through over 1.95 lakh applications re .....

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f India, ICICI Bank and HDFC Bank, in that order. The total subscription in first 3 tranches was ₹ 1318 Crores corresponding to 4.9 tonnes of gold. The encouraging response of the investors to the SGB Scheme (Series-I) of 2016-17, indicates tha .....

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