Sovereign Gold Bond Scheme: 2016-17 Series IV issue opens on February 27 Economic & Investment Links

Sovereign Gold Bond Scheme: 2016-17 Series IV issue opens on February 27

The government of India announced the opening of its Sovereign Gold Bond Scheme 2016-17 series IV issue opens on February27

The Sovereign Gold Bond parameters are as under:

Issue Price (per Gram) - Rs 2,893

Issue Start Date - February 27, 2017

Issue Close Date - March 3, 2017

Bidding Session Time - 10:00 AM to 05:00 PM

Minimum Bid Quantity - 1 (Gram)

Maximum Bid Quantity - 500 (Gram)

Interest - Fixed Interest @ 2.50% per annum payable semi-annually on the issue price amount

Tenure - 8 years with an exit option from 5th year onwards 

The applications will be accepted through the members of National Stock Exchange and Bombay Stock Exchange, Banks, designated Post Offices and Stock Holding Corporation of India (SHCIL). 

ADVANTAGES OF INVESTING IN SOVEREIGN GOLD BONDS (SGB)

  • SAFEST : Zero risk of handling physical gold
  • Earn Interest : 2.50% assured interest per annum on the initial investment
  • Sovereign Guarantee : Both on redemption amount and on the interest
  • Easy Exit Option : The tenure of the bond is for 8

To apply for Sovereign Gold Bond please contact:

Corporate Office :      Abhipra Complex A-387,

Dilkhush Industrial Area,

G T Karnal Road, Azadpur,

Delhi 110033

Flyer Click Here

Feb 27, 2017
 
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