2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
7th November 2017, 02:53 PM
Super Moderator
 
Join Date: Aug 2012
Re: Gold Investment In India State Bank Of India

As you Asking for the Information About the Sovereign Gold Bond Scheme of the State bank of India is given below

Issuance
To be issued by Reserve Bank of India on behalf of the Government of India.

Eligibility
The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable institutions.

Denomination
The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.

Tenor
The tenor of the Bond will be for a period of 8 years with an exit option from 5th year onwards to be exercised on the interest payment dates.

Minimum size
Minimum permissible investment will be 1 gram of gold.

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 this effect will be obtained.


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) preceding

the subscription period. (Price of Gold will be published on RBI website two days prior to the opening of tranche)

For more Detials you may Contact to the Nearest branch of the State Bank of India


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 04:03 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4