More than 820 crore expected to be realised through Fifth Tranche of Sovereign Gold Bond (SGB) Scheme from 1st to 9th September, 2016; This is mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold; The next tranche of SGB Scheme is expected around the third week of October, 2016, prior to Diwali, with additional features to attract more consumers.

More than 820 crore expected to be realised through Fifth Tranche of Sovereign Gold Bond (SGB) Scheme from 1st to 9th September, 2016; This is mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold; The next tranche of SGB Scheme is expected around the third week of October, 2016, prior to Diwali, with additional features to attract more consumers. https://www.taxtmi.com/news?id=16647 The Sovereign Gold Bond scheme offers a government-issued alternative to physical gold, with periodic tranches priced by the weekly average closing price of 999-purity gold. The scheme reduces physical-gold demand and imports while providing investors an annual interest yield payable semi-annually, capital-gain tax exemption on redemption, eligibility as loan collateral, tradability on stock exchanges, and availability in demat and paper form. Recent tranches attracted substantial retail subscriptions through banks, post offices and exchanges, and further tranches with enhanced consumer features are planned. en-us Thu, 22 Sep 2016 16:10:46 +0530 Thu, 22 Sep 2016 16:10:46 +0530 TaxTMI RSS Generator More than 820 crore expected to be realised through Fifth Tranche of Sovereign Gold Bond (SGB) Scheme from 1st to 9th September, 2016; This is mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold; The next tranche of SGB Scheme is expected around the third week of October, 2016, prior to Diwali, with additional features to attract more consumers. https://www.taxtmi.com/news?id=16647 The Sovereign Gold Bond scheme offers a government-issued alternative to physical gold, with periodic tranches priced by the weekly average closing price of 999-purity gold. The scheme reduces physical-gold demand and imports while providing investors an annual interest yield payable semi-annually, capital-gain tax exemption on redemption, eligibility as loan collateral, tradability on stock exchanges, and availability in demat and paper form. Recent tranches attracted substantial retail subscriptions through banks, post offices and exchanges, and further tranches with enhanced consumer features are planned. News - Thu, 22 Sep 2016 16:10:46 +0530 https://www.taxtmi.com/news?id=16647