February 26, 2017 5:21 PM

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Govt to issue Sovereign Gold Bonds 2016-17

Government will accept applications from tomorrow to issue Sovereign Gold Bonds 2016-17-Series IV. The application for the bonds will be accepted till 3rd of next month. <br/><br/>The bonds will be issued on 17th of next month. These will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognized stock exchanges.<br/><br/>The bonds will be restricted for sale to resident Indian entities including individuals, Hindu Undivided Families, Trusts, Universities and Charitable Institutions. <br/><br/>The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.

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