Press Information Bureau

Government of India

Ministry of Finance

25-November-2015 12:02 IST

Large number of applications have been received by the banks and post offices for Sovereign Gold Bonds, 2015-16. To enable smooth uploading of applications into RBI’s E-kuber system, particularly by the post offices, it has since been decided to shift the issue date of the Sovereign Gold Bonds from November 26, 2015 to November 30, 2015.

All other terms and conditions of the above Notification remain unchanged.

Earlier, the Government of India, in consultation with the Reserve Bank of India (RBI), had notified the issuance of Sovereign Gold Bonds, 2015-16 vide Notification F.No. 4(19)-W&M/2014 dated October 30, 2015. The first tranche of Sovereign Gold Bonds was open for subscription from November 5, 2015 to November 20, 2015. Bonds were to be issued on November 26, 2015.

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DSM

Issue date change for Sovereign Gold Bonds to allow smooth application uploads and processing by post offices. Issue date for Sovereign Gold Bonds was postponed to allow orderly uploading of a large volume of subscription applications into the central bank's electronic system, particularly by post offices; all other terms and conditions of the original notification remained unchanged and the subscription window for the first tranche stood as previously notified.