This is regarding sale of Sovereign Gold bonds
through Post offices. The following information is furnished hereunder for
ready reference. Please give wide publicity though delivery staff and across
the counters for this product and ensure sale of GOLD bonds
|
Sl.no.
|
Item
|
Description
|
|
1
|
Sale Price
|
Rs.2957/- Per gram Gold.
|
|
2
|
Minimum permissible
investment
|
One Unit(One Gram)
|
|
|
Maximum investment
|
500 units per person per financial year
|
|
3
|
Sale period
|
24.10.2016 to 02.11.2016
|
|
4
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Bonds issue date by
RBI
|
17.11.2016
|
|
5
|
Maturity Period
|
A period of 8 years with exit options at 5th, 6th and 7th year.
Lock up period – 5years.
|
|
6
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Rate of interest
payable
|
2.50 percent per annum payable
half yearly on the initial value of investment.
|
|
7
|
Maturity value
|
Will be fixed on the basis of
the Previous week (Monday to Friday) simple average closing price for Gold )
by IBJA.
|
|
8
|
e-Biller ID
|
SGBT1-MUMBAI GPO,e-Biller ID: 5998
|
|
9
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Others
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1) These bonds may be used as collateral security for any
loan.
2) KYC documents and Bank account number required.
3)collected amount should be credited
at MPCM counter under e-Biller ID 5998 at Head Post offices only.
4) SGB applications Data Entry will be done at
respective Head Post offices.
|
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