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Sovereign Gold Bond Scheme 2017 -18– Series-III

News and Press Release - Dated:- 7-10-2017 - Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 - Series-III. Applications for the bond will be accepted from October 09, 2017 to Dece .....

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tional Stock Exchange of India Limited and Bombay Stock Exchange. The features of the Bond are given below: Sl. No. Item Details 1 Product name Sovereign Gold Bond 2017-18 - Series-III 2 Issuance To be issued by Reserve Bank India on behalf of the Go .....

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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 gram of gold. 7 Maxi .....

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The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchase from the Secondary Market. 8 Joint holder In case of joint holding, the investment limit of 4 KG will be applied to the .....

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he week preceding the subscription period. The issue price of the Gold Bonds will be 50 per gram less for those who subscribe online and pay through digital mode. 10 Payment option Payment for the Bonds will be through cash payment (upto a maximum of .....

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version into demat form. 12 Redemption price The redemption price will be in Indian Rupees based on simple average of closing price of gold of 999 purity of previous 3 business days published by IBJA. 13 Sales channel Bonds will be sold through banks .....

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ate The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value. 15 Collateral Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold lo .....

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