https://www.taxtmi.com/news?id=25515 Sovereign Gold Bonds will be issued by the Reserve Bank on behalf of the Government through designated channels and restricted to resident individuals, HUFs, trusts, universities and charitable institutions. Bonds are gram-denominated with specified minimum and annual maximum subscription ceilings; issue and redemption prices use the simple average of published gold closing prices for the preceding three working days, with a digital-payment price concession. The tenor is eight years with premature redemption allowed after the fifth year; bonds are issued as Government of India Stock, tradable, convertible to demat, usable as collateral, and subject to KYC and PAN requirements. en-us Thu, 16 Jun 2022 17:18:45 +0530 Thu, 16 Jun 2022 17:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25515 Sovereign Gold Bonds will be issued by the Reserve Bank on behalf of the Government through designated channels and restricted to resident individuals, HUFs, trusts, universities and charitable institutions. Bonds are gram-denominated with specified minimum and annual maximum subscription ceilings; issue and redemption prices use the simple average of published gold closing prices for the preceding three working days, with a digital-payment price concession. The tenor is eight years with premature redemption allowed after the fifth year; bonds are issued as Government of India Stock, tradable, convertible to demat, usable as collateral, and subject to KYC and PAN requirements. News - Thu, 16 Jun 2022 17:18:45 +0530 https://www.taxtmi.com/news?id=25515