Sovereign Gold Bond Scheme 2023-24

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....stock exchanges, and Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI as specified in Annexure III to this Notification. c) "Stock Certificate" means the Gold Bond issued in the form of Government of India Stock in accordance with Section 3 of the Government Securities Act, 2006. 3. Eligibility for Investment- The Gold Bonds issued under this Scheme may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. Explanation-- For the purposes of this paragraph: (i) "person" shall have the same meaning as defined in clause (u) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). (ii) the expression "person resident in India" shall have the same meaning as defined in clause (v) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). (iii) "Trust" means a trust constituted/formed as per the Indian Trusts Act, 1882, or a public or private trust constituted or recognized under the provisions of any Centra....

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....sp;last 3 working days of the week preceding the subscription period. (iii) The issue price of the Gold Bonds will be less than the nominal value by Rs.50 per gram to those investors applying online and making the payment against the application through digital mode. 5. Procedure for making application for subscription to Gold Bonds- (i) Any person who is desirous of subscribing to the Gold Bonds shall apply to any Receiving office in Form 'A' or in any other form as near as thereto, clearly stating the grams of gold, full name and address of the applicant/s. (ii) Every application shall contain such documents and particulars as specified in the instructions contained in the Application Form.  (iii) Every application must be accompanied by the 'PAN Number' issued by the Income Tax Department to Individuals and other entities. (iv) On receipt of an application under sub paragraph (i), the Receiving office shall issue an acknowledgment receipt in Form 'B' if all requirements of the application are fulfilled. (v) An incomplete application is liable to be rejected. 6. Date and form of issue of Gold Bonds- (i) The Gold Bonds shall be is....

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....l be counted towards Statutory Liquidity Ratio. 14. Loan against Bonds- (i) The Gold Bonds issued under this Scheme may be used as collateral security for availing any loan. Such loans could be granted by marking lien on Gold Bonds appropriately. (ii) The Loan to Value ratio as applicable to any ordinary gold loan mandated by the Reserve Bank of India shall also apply to the Bonds issued under this Scheme. Note : The loan against Gold Bonds would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right. 15. Tax Treatment- The interest received on the Gold Bond shall be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of these bonds to an individual is exempted. The indexation benefits will be provided for the long-term capital gains arising to any person on transfer of bond. 16. Nomination- (i) Nomination of and its cancellation shall be made in Form 'D' and Form 'E', respectively, in accordance with the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulations, 2007, published in ....

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....[ ], Trusts ( ), Charitable Institution[ ], University ( ), others ( ), Please specify: Applicant(s) Detail (in block letters) IF ANY FIRST/ SOLE APPLICANT'S NAME IN FULL, EXISTING RBI INVESTOR ID, Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) SECONDAPPLICANT'S NAME IN FULL Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) Guardian (in case of minor) Date of Birth (minor) 20 20 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) FIRST/SOLEAPPLICANT'S / GUARDIAN'S ADDRESS IN FULL (DO NOT FILL IN NAME AGAIN) CONTACT DETAILS Phone Email BANK PARTICULARS FOR PAYMENT OF INTEREST WARRANT/ REDEMPTION Account Holder Name Bank Name IFSC Code Account Type SB Account Account No. Current Account Nominee details- Nomination Form (as applicable) to be filled and attached Branch Name /Address Depository participant details (to avail of option to hold the bond in demat form) NSDL ☐ CDSL (For NSDL, enter 8 digit dp ID followed by 8 digit client ID, For CDSL enter 16 digit client ID) Depository Name Op/....

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.... of bond will be the same which is inscribed on the holding certificate. Demat and Physical (Certificate of Holding). Half yearly intervals. Interest will be credited directly into the account mentioned in the application form or in the Account linked with the Demat a/c. Post Maturity Interest is not payable. It is mandatory for the investors to provide bank account details to facilitate payment of interest /maturity value. The sole Holder or all the joint holders may nominate a maximum of two persons as nominee. 22 9) Maturity period 10) Premature redemption 11) Tradability THE GAZETTE OF INDIA: EXTRAORDINARY 12) Loans from banks against the security of these bonds 13) Application forms Eight years from the date of issue. [PART II SEC. 3(i)] On the coupon dates after fifth year from the date of issue of Bond Bonds will be tradable. The holders of the said securities shall be entitled to create pledge, hypothecation or lien in favour of scheduled banks. " Branches of specified Nationalized Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post offices, Stock Holding Corporation of India Ltd. (SHIL), the authorised stock exchanges, and ....

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.... (LOCATION) [भाग II—खण्ड 3(i)] भारत का राजपत्र : असाधारण 23 YOU MAY ALSO ADDRESS YOUR COMPLAINT TO: THE CHIEF GENERAL MANAGER INTERNAL DEBT MANAGEMENT DEPARTMENT CENTRAL OFFICE FORT, MUMBAI-400 001, MAHARASHTRA Disclaimer: I have read and understood the details of information for the investors as well as rights and duties of investors. The agent/bank has explained the features of the scheme to me. Signature of the applicant Date Received from Mr / Mrs / Ms... Form 'B' [See Paragraph 5(4)] Acknowledgement Receipt Application No... Demand Draft/Cheque No. / Electronic Transfer/.. drawn amount of Rs......... on (Bank . Cash / dated ..../. and branch) for grams totaling an only) for the (Rupees.. value purchase of Sovereign Gold Bond 2023-24 - Series I/II for a period of 8 years, interest payable on basis of the nominal of (Rupees.... Form 'C' [See paragraph 6 (1)] ..only). (Stamp / Seal of the Receiving Office) Certificate Number- सत्यमेव जयते ....

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....n Gold Bond 2023-24 ------and - is the registered Series I/II. The Sovereign Gold Bond 2023-24 – Series I / II will bear interest at ---- ---percent per annum on initial investment of - payable at half yearly intervals on redeemable on आवेदन प्राप्तकर्ता कार्यालय Application Receiving Office every year. The Bonds are with the option for early redemption after fifth year on interest payment dates. यह प्रमाणपत्र प्रणाली आधारित है अतः हस्ताक्षर आवश्यक नहीं। 24 24 THE GAZETTE OF INDIA: EXTRAORDINARY This is a system generated certificate and does not require any signature. [PART II-SEC. 3(i)] I/We /BLA No.. for the loan... Form 'D' [See paragraph 16] NOMINATION (Name and address), the holder/s of Stock certificate hereby nominate the following person/s who shall on my/our d....

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....n no...... Date:... Dated.. ..Authorised Official. Form 'F'[See paragraph 17] I/We* stock certificate number.. TRANSFER OF STOCK CERTIFICATES (transferor/s) do hereby assign and transfer my/our* interest or share in the inscribed ..of percent Government Loan of amounting to`. being the amount /a portion of the stock for ………………… as specified on the face of this instrument together with the accrued interest thereon to.. ..(transferee/s), his/her/their* executors, administrators or assigns, and I/We* do freely accept the stock certificate number. .to the extent it has been transferred tome/us*. I/We*. (transferee/s)hereby request that on my/our*being registered as the holder/s of the stock transferred to me/us*, the above stock certificate to the extent it has been transferred to me/us*may be renewed in my/our*name (s)/converted in my/our*name(s). @I/We*.. ...(transferor/s)hereby request that on the above transferee(s) being registered as the holder/s of the stock hereby transferred to him/them*, the aforesaid stock certificate to the extent it has not been transferred to him/them*may be renewed in my/our*name(s). As....