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Government decides to issue Sovereign Gold Bonds Scheme 2016 -17–Series III; Applications for the bond to be accepted from October 24, 2016 to November 02, 2016 and the Bonds will be issued on November 17, 2016

News and Press Release - Dated:- 21-10-2016 - Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds 2016-17 - Series III. Applications for the bonds will be accepted from October 24, 2016 .....

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dia Limited and Bombay Stock Exchange. The features of the Bond are given below: Sl. No. Item Details 1 Product name Sovereign Gold Bond 2016-17 - Series III 2 Issuance To be issued by Reserve Bank India on behalf of the Government of India. 3 Eligib .....

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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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first applicant only. 9 Issue price Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the week (Monday to Friday) p .....

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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 R .....

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may be notified and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents. 14 Interest rate The investors will be compensated at a fixed rate of 2.50 per cent per annum .....

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