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Government to issue Fifth Tranche of Sovereign Gold Bonds: Applications for the Bonds will be accepted from 1st September to 9th September, 2016 and Bonds will be issued on 23rd September,2016

News and Press Release - Dated:- 30-8-2016 - The Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue 5th Tranche of Sovereign Gold Bonds. Applications for the bonds will be accepted from September 01, 2016 .....

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ndia Limited and Bombay Stock Exchange. It may be recalled that the Union Finance Minister Shri Arun Jaitley had announced in his Budget Speech while presenting the Union Budget 2015-16 in Parliament about developing a financial asset, Sovereign Gold .....

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reign Gold Bond 2016-17 - Series II 2 Issuance To be issued by Reserve Bank India on behalf of the Government of India. 3 Eligibility The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities .....

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interest payment dates. 6 Minimum size Minimum permissible investment will be 1 gram 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 .....

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price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the week (Monday to Friday) preceding the subscription period. 10 Payment option Payment for the Bonds will be through cash payment (upto a maximum of & .....

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ice 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. 13 Sales channel Bonds will be sold through banks, Stock Holding Corporation of India .....

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ed at a fixed rate of 2.75 per cent per annum payable semi-annually on the initial value of investment. 15 Collateral Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Re .....

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