Sovereign Gold Bond scheme: 8-year bonds with half-yearly interest and early redemption after year five. Sovereign Gold Bond 2022-23 is issued via prescribed subscription and acknowledgement forms with payment by cash, cheque, demand draft or electronic transfer and issuance of a system-generated certificate. Bonds run for eight years, bear interest on the nominal value payable half-yearly, and include an early redemption option exercisable after the fifth year on interest payment dates. A nomination facility is provided to designate recipients of amounts payable on the bonds on the holder's death.
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Provisions expressly mentioned in the judgment/order text.
Sovereign Gold Bond scheme: 8-year bonds with half-yearly interest and early redemption after year five.
Sovereign Gold Bond 2022-23 is issued via prescribed subscription and acknowledgement forms with payment by cash, cheque, demand draft or electronic transfer and issuance of a system-generated certificate. Bonds run for eight years, bear interest on the nominal value payable half-yearly, and include an early redemption option exercisable after the fifth year on interest payment dates. A nomination facility is provided to designate recipients of amounts payable on the bonds on the holder's death.
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