DOPTECHSHALA

Sovereign Gold Bonds Issue Price ₹ 2684 to be remain open from November 5 to 20 The Government of India has announced that the Sovereign Gold Bond will be open for subscription from November 5 to 20, 2015. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2684 (Rupees Two Thousand Six Hundred and Eighty Four) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (October 26-30, 2015) published by the India Bullion and Jewellers Association Ltd (IBJA). ( GoI notification F.No.4(19)-W&M/2014  and RBI  circular IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 ) Alpana Killawala Principal Chief General Manager Press Release : 2015-2016/1063 Download Notofication in PDF

Sovereign Gold Bond Scheme 2015 1. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. 2. Why should I buy SGB rather than physical gold? What are the benefits? The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption. The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of...

Operational Instruction By DOP For SGBs View / Download Application form View / Download Nomination Form View / Download SGB Certificate of Holding View / Download Office Memorandum For SGBs By Min. of Finance View / Download Latter of RBI For SGBs View / Download Notification For SGBs By Min. of Finance View / Download

Goverment of India to Issue Sovereign Gold Bonds W.e.f. 26th November,2015    Bonds To Be Sold Through All Head Post Offices in India In continuation of the Press Communiqué dated 30th October, 2015 on Sovereign Gold Bond 2015-16, the Government of India, in consultation with Department of Post, has decided to issue the list of designated Post Offices to issue Sovereign Gold Bond Scheme, 2015. The designated Post Offices are authorized to receive the applications either directly or through agents.  Government of India, in consultation with Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds. The Bonds will be issued on November 26, 2015. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be sold through banks and designated post offices as may be notified. The borrowing through issuance of the Bond will form part of market borrowing programme of Government of India. It may be recalled th...