Speed Post News Network

New Delhi : The ​Government of India (GOI), in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bond, 2018-19-Series-I. Applications for the bond will be accepted from April 16 to April 20, 2018. The Bonds will be issued by Reserve Bank India on behalf of the Government of India.

The Certificate of Bond (s) will be issued on May 4, 2018. The Bonds will be sold through ​Banks, Stock Holding Corporation of India Limited (SHCIL), designated ​P​ost ​O​ffices and recognised ​S​tock ​Exchanges viz., National Stock Exchange of India Ltd and Bombay Stock Exchange, Ltd, according to a PIB release.

The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable Institutions. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the Bonds will be for a period of 8 years with exit option in 5th, 6th and 7th year, to be exercised on the interest payment dates.

Minimum permissible investment will be 1 gram of gold. The maximum limit shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time.  A self-declaration to this effect will be obtained.

20 thoughts on “GOI to issue Sovereign Gold Bond”
  1. Magnificent beat ! I wish to apprentice while
    you amend your site, how can i subscribe
    for a blog site? The account aided me a acceptable deal.

    I had been tiny bit acquainted of this your broadcast provided bright clear
    concept

  2. Thank you for the auspicious writeup. It in fact was a amusement account it.
    Look advanced to far added agreeable from you!
    By the way, how could we communicate?

  3. You have made some decent points there. I checked on the internet
    for more info about the issue and found most individuals will go along with your views on this website.

  4. I am in fact glad to glance at this web site posts which contains lots of valuable facts, thanks for providing these information.

  5. Howdy! This blog post couldn’t be written any better!
    Going through this article reminds me of my previous roommate!
    He continually kept preaching about this. I am going
    to forward this post to him. Pretty sure he’s going to have a
    great read. I appreciate you for sharing!

  6. This design is steller! You definitely know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to start my own blog (well,
    almost…HaHa!) Wonderful job. I really enjoyed
    what you had to say, and more than that,
    how you presented it. Too cool!

  7. … [Trackback]

    […] Find More Info here on that Topic: thespeedpost.com/goi-to-issue-sovereign-gold-bond/ […]

  8. … [Trackback]

    […] Read More on that Topic: thespeedpost.com/goi-to-issue-sovereign-gold-bond/ […]

  9. Hello, Neat post. There’s a problem with your site in internet explorer, may
    test this? IE still is the marketplace chief and a big component of folks will leave out your excellent writing due to this problem.

  10. After checking out a number of the articles on your site, I seriously appreciate your technique of writing a blog.
    I saved it to my bookmark webpage list and will be checking back
    soon. Please visit my web site too and tell me how you feel.

  11. My spouse and I stumbled over here from a different web page and thought I may as well check things out.

    I like what I see so now i’m following you. Look forward to looking at your web page again.

  12. We are a gaggle of volunteers and opening a brand
    new scheme in our community. Your site offered us with
    useful info to work on. You’ve done a formidable activity and our entire neighborhood shall be grateful to you.

Leave a Reply

Your email address will not be published. Required fields are marked *