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Gold Bonds - Govt offers Rs 50 per gram discount on digital payment

By TIOL News Service

NEW DELHI, NOV 11, 2017: The Government of India had floated Series III of Sovereign Gold Bonds 2017-18, for the period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday after each subscription period.

For the next subscription period i.e. November 13 - 15, 2017, the issue price shall be Rs 2,961 per gram with Settlement on November 20, 2017, as also published by RBI in their Press Release dated November 10, 2017.

The Government of India in consultation with the Reserve Bank of India (RBI), has decided to allow discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode.


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