Sovereign Gold Bond Scheme SGB 2016-17 Series III Final Redemption On November 16: How Much Money Will You Get?|Economy News

New Delhi: You would possibly select final redemption of the Sovereign Gold Bond Scheme 2016-17 Series III supplied November 2016.

“SGB 2016-17 Series III – Issue date November 17, 2016) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be November 16, 2024 (November 17, 2024 being a holiday,” the RBI has truly claimed.

Sovereign Gold Bond Scheme: How Much Money Will You Get?

Further, the redemption fee of SGB will probably be primarily based upon the fundamental commonplace of shutting fee of gold of 999 pureness of the week (Monday-Friday), coming earlier than the day of redemption, as launched by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption fee for the final redemption due on November 16, 2024 (November 17, 2024 being a trip) will probably be 7,788/- (Rupees Seven thousand 7 hundred and eighty-eight simply) every of SGB primarily based upon the fundamental commonplace of shutting gold fee for the week November 04-08, 2024. .
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What is(* )?Sovereign Gold Bond Scheme are federal authorities protections denominated in grams of gold.

Sovereign Gold Bond Scheme are different to holding bodily gold. They must pay the priority fee in cash and the bonds will definitely be retrieved in cash on maturation. Investors is supplied by The Bond in behalf of Reserve Bank of Government. .
.India being marketed?

How Is Sovereign Gold Bond Scheme bonds will definitely be marketed through arrange enterprise monetary establishments (aside from

The and Small Finance Banks), Payment Banks of Stock Holding Corporation (SHCIL), marked message workplaces, and acknowledged inventory market viz., India Limited of National Stock Exchange and India Limited.Bombay Stock Exchange Limited can get

Who?Sovereign Gold Bond Scheme will definitely be restricted provide on the market to resident individuals, HUFs,

The Bonds, Trusts and Universities.Charitable Institutions