Subscription limits for sovereign gold bonds restrict annual holdings, set denominations, and provide collateral and joint holding exceptions. The scheme issues bonds in one gram denominations or multiples, sets minimum and annual subscription ceilings by investor category with joint holding and ... Summary
Subscription limits for sovereign gold bonds restrict annual holdings, set denominations, and provide collateral and joint holding exceptions.
The scheme issues bonds in one gram denominations or multiples, sets minimum and annual subscription ceilings by investor category with joint holding and collateral exceptions, and defines pricing by averaging the closing price of 999 purity gold for the three working days before subscription; online digital payments receive a per gram issue price discount relative to nominal value.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.