Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational Guidelines

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....ration of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational Guidelines This has reference to the GoI notification F.No.4(7)-W&M/2019 dated May 30, 2019 and RBI circular IDMD.CDD.No.3392/14.04.050/2018-19 dated May 30, 2019 on the Sovereign Gold Bonds. FAQs in this regard hav....

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.... Indian may get the security transferred in his/her name on account of he/she being a nominee of a deceased investor provided that: * the Non-Resident investor shall need to hold the security till early redemption or till maturity; and * the interest and maturity proceeds of the investment shall not be repatriable. 3. Know-Your-Customer (KYC) requirements Every application must be accompanie....

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....nancing by agencies other than the Receiving Offices. 6. Agency arrangement Receiving Offices may engage NBFCs, NSC agents and others to collect application forms on their behalf. Banks may enter into arrangements or tie-ups with such entities. Commission for distribution shall be paid at the rate of Rupee one per hundred of the total subscription received by the Receiving Offices on the applica....

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....the date of allotment, Certificates of Holding will be generated for all the subscriptions in the name of the sole/principal holder. The Receiving Offices can download the same and take printouts. The Certificates of Holding will also be sent through e-mail to the investors who have provided their email address. The securities will be credited in their de-mat accounts by the depositories in due co....