No. of views : (3125)
5th Phase Gold Bond: applications from today - 1st September
Posted on: 01/Sep/2016 9:57:06 AM
The recommendations for the 5th Phase of Gold Bond commences today, Thursday, 1st September.
Applications can be made for Gold Bonds from 1st September till 9th September.
The allotments will be made on 25th September.
The Gold Bonds can be bought from Banks, Stock Holding Corporation, Post Offices, BSE and NSE (Bombay Stock Exchange and National Stock Exchange).
The central government has announced gold bonds can be converted into DMAT forms. The Gold Bond scheme was announced during October 2015. The central government has so far issued Gold Bonds in 4 phases. An annual interest of 2.75 percent is given for these investments.
Earlier, the minimum investment for the gold bond was fixed at 3 grams. In order to attract more investment, the central government has now reduced the minimum investment for the gold bond to just 1 gram.
In the first 3 phases, the investment collected was Rs. 1318 Crores.In the 4th phase, the investment was Rs. 919 Crores.
