Del. HC: If Accused Discharged/Acquitted under PMLA, Properties Attached Shall be Released  ||  Bom. HC: For Issuing Reopening Notice After Three Years, Sanctioning Authority has to be PCCIT  ||  Del. HC: Delhi Govt. to Frame Policy for Compensation to Victims of Chinese Manjha  ||  Del HC: Stay on Delhi Govt’s Circular Asking Private Unaided Schools to Get Sanction Before Fee Hike  ||  SC: Stamp Duty Can be Imposed by State on Insurance Policies Executed Within State  ||  SC: IO to Make Clear & Complete Entries in Chargesheet, Role Played by Each Accused to be Mentioned  ||  Madras High Court: Guidelines Issued to Eradicate Manual Scavenging  ||  Ker. HC: Payment of Interest Can’t be Reviewed or Added While Enforcing Foreign Award  ||  Del. HC: ED Cannot Invoke Section 50 of PMLA Against Citizens Who Aren’t Suspects  ||  SC: Without Examining Lawfulness of 'Minutes of Order' Filed by Advocates, Orders Cannot be Passed    

Sovereign Gold Bond 2017-18 Series-IV- (Reserve Bank of India) (13 Oct 2017)

MANU/RPRL/0160/2017

Banking

In terms of GoI notification F. No. 4(25) - B/(W&M)/2017 and RBI circular IDMD.CDD.No.929/14.04.050/2017-18 dated October 06, 2017, the Sovereign Gold Bond Scheme will be open for subscription from Monday to Wednesday of every week starting from October 09, 2017 until December 27, 2017. The settlement will be made on the first business day of the next week for the applications received during a given week.

For the subscription period from October 16, 2017 to October 18, 2017 with settlement on October 23, 2017, the nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewelers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. October 11-13, 2017 works out to Rs. 2987/(Rupees Two thousand Nine Hundred and Eighty Seven only)- per gram. Government of India, in consultation with the Reserve Bank of India, has decided to offer discount of Rs. 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be Rs. 2937/- (Rupees Two Thousand Nine Hundred and Thirty Seven only) per gram of gold.

Tags : GOLD BOND   SERIES   SUBSCRIPTION  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved