9911796707
TMI BlogSovereign Gold Bond Scheme (SGB) 2019-20 Series V/VI/VII/VIII/IX/XX X X X Extracts X X X X X X X X Extracts X X X X ..... scheme there will be a distinct series (starting from Series V) for every tranche which will be indicated on the Bond issued to the investor. The Government of India (GoI) may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as indicated in the GoI notification. However, we wish to draw your attention in particular to the following: 1. Eligibility for Investment: The Bonds under this Scheme may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. The bond may also be held by a Trust, HUFs, Charitable Institution and University. "Person resident in Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eriod. The issue price of the Gold Bonds will be ₹ 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. 6. Period of subscription.- The Subscription of the Gold Bonds under this Scheme shall be open as specified in Section 7 below. Provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above 7. Calendar of Issuance.- S. No. Tranche Date of Subscription Date of Issuance 1 2019-20 Series V October 07-11, 2019 October 15, 2019 2 2019-20 Series VI October 21-25, 2019 October 30, 2019 3 2019-20 Series VII December 02-06, 2019 December 10, 2019 4 2019-20 Series VIII ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g price of gold of 999 purity of the previous 3 working days, published by the India Bullion and Jewelers Association Limited. 12. Repayment RBI/depository shall inform the investor about the date of maturity of the Bond one month before its maturity. 13. Eligibility for Statutory Liquidity Ratio (SLR) Bonds acquired by the banks through the process of invoking lien/hypothecation/pledge alone, shall be counted towards Statutory Liquidity Ratio. 14. Loan against Bonds The Bonds may be used as collateral for loans. The Loan to Value ratio will be as applicable to ordinary gold loan mandated by the RBI from time to time. The lien on the Bonds shall be marked appropriately in E-kuber portal by the Receiving Offices /Depository. The loan a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proceeds of the investment shall not be repatriable. 18. Transferability The Bonds issued in the form of Stock Certificate shall be transferable by execution of an Instrument of transfer as in Form 'F', in accordance with the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulations, 2007, published in part III, Section 4 of the Gazette of India dated December 1, 2007. 19. Tradability of bonds The Bonds shall be eligible for trading from such date as may be notified by the Reserve Bank of India. 20. Commission for mobilizing subscription Commission for mobilizing subscription shall be paid at the rate of Rupee one per hundred of the total subscription received by the receiving offices and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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