Ministry of Finance
Sovereign Gold Bonds
Posted On: 24 JUN 2019 6:54PM by PIB Delhi
The Government notified the Electoral Bond Scheme, 2018 on January 02, 2018. The Reserve bank of India (RBI) has announced the issue of Sovereign Gold Bonds (SGB) in consultation with the Government of India for specified period. The tranche-wise calendar was release on 30th May, 2019 for First Half (H1) of 2019-20 and is tabulated below:
Sl. No. Tranche Period for Subscription Date of Issuance
Sl. No. Tranche Period for Subscription Date of Issuance
- Series I June 03-07, 2019 June 11, 2019
- Series II July 08-12, 2019 July 16, 2019
- Series III August 05-09, 2019 August 14, 2019
- Series IV September 09-13, 2019 September 17, 2019
The Prescribed ceiling for an individual or an organisation for investment in Sovereign Gold Bonds (SGB) as indicated in the Notification dated 30th May 2019 is as below:-
(i) Minimum permissible investment is for 1 gram of gold.
(i) Minimum permissible investment is for 1 gram of gold.
(ii) The maximum limit of subscription is 4 Kg for individual, HUF and 20 Kg for trusts and similar entities per fiscal (April-March) as notified by the Government of India from time to time. A self-declaration from investor to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.
This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha today.
from Blogger http://www.systempost.in/2019/06/sovereign-gold-bonds.html
from WordPress http://bit.ly/2FvvbyO
No comments:
Post a Comment