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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.

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