Sovereign Gold Bonds allow holders to nominate beneficiaries, appoint guardians for minor nominees, and register or substitute nominations.

Designation of a beneficiary for sovereign gold bonds is effected by a written nomination by the registered holder(s) identifying the nominee, bond particulars, and bank account details. The form requires nominee particulars including date of birth for minors and appointment of a person to receive payments during minority, holder and witness signatures, and permits substitution of a previously registered nomination which is cancelled on registration of the new nomination. The authority records registration details and issues an acknowledgement with a nomination registration number for future communications.

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