TaxTMI 
TaxTMI 
Sovereign Gold Bond Scheme 2023-24
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...., Stock Holding Corporation of India Ltd. (SHCIL), the authorised 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, ....
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....Rupees fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited, for the 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 rece....
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....ndia Bullion and Jewellers Association Limited. (iii) The RBI / depository shall inform the investor one month in advance, about the date of maturity of the Bond. 13. Eligibility for Statutory Liquidity Ratio- Bonds acquired by the banks through the process of invoking lien/hypothecation/pledge alone, shall 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 prov....
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....er required) Name of Receiving Office Mode of Subscription Cash Cheque/ DD Name of Branch: Electronic Transfer Grams of Gold Applied for Cheque/Demand Draft Drawn on (Name of the Bank & Branch) (In figures) (In words) Amount: Rs. (in figures) (in words) Cheque/Demand Draft No. Dated PAN number of the first/ sole applicant (mandatory) Applicant status: Resident Individual [ ], 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 PAR....
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....m A Item 1) Category of Investor 2) Limit of investment 3) Date of Issue of bonds 4) Forms of Bonds 5) Interest Option 6) Post Maturity Interest 7) Bank account 8) Nomination Facility Information for Investors of Sovereign Gold Bond 2023-24 Sovereign Gold Bond 2023-24 The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, charitable institutions and Universities. Minimum subscription of One Gram and Maximum investment of Four kg for individuals and HUF and 20kg for trust and similar entities per investor per annum. Date of receipt 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....
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....tion can be altered by registering a fresh nomination. g) The existing nomination can be cancelled by a request to the Office of Issue. A sole holder or all the joint holders may nominate maximum of two nominees to the rights of the bonds. The nomination will be registered at the Office of Issue and a Certificate of Registration will be issued to the holder. h) The investor is entitled to receive repayment amount within five clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above, you may lodge a complaint in writing in to the nearest office of Reserve Bank of India as under: THE REGIONAL DIRECTOR, RESERVE BANK OF INDIA, CONSUMER EDUCATION AND PROTECTION DEPARTMENT/ BANKING OMBUDSMAN (LOCATION) [à¤à¤¾à¤— II—खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 23 YOU MAY ALSO ADDRESS YOUR COMPLAINT TO: THE CHIEF GENERAL MANAGER INTERNAL DEBT MANAGEMENT DEPARTMENT CENTRAL OFFICE FORT, MUMBAI-400 001, MAHARASHTRA Disclai....
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....का à¤à¥à¤—तान छह माह के अंतराल पर---------- - तारीख और को उनà¥à¤®à¥‹à¤šà¤¨à¥€à¤¯ होगा और समयपूरà¥à¤µ उनà¥à¤®à¥‹à¤šà¤¨ का विकलà¥à¤ª पांच वरà¥à¤· बाद बà¥à¤¯à¤¾à¤œ à¤à¥à¤—तान की तारीखों को उपलबà¥à¤§ होगा। I hereby certify that, Smt. / Shri holder of ▬▬▬▬▬▬▬▬▬▬▬▬ units of Sovereign 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 आà¤....
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....ning to change or cancellation of nomination. Date:. Authorised Official. I/We. dated. Form 'E' [See paragraph 16] CANCELLATION OF NOMINATION .(name and address) do here by cancel the nomination .made by me/us in respect of the following Stock certificate/Bond Ledger Account No., and registered by the Public Debt Office/branch of the Agency bank on... vide Registration No.... ..(date) [à¤à¤¾à¤— II—खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Particulars of the Stock Certificate/ Bonds Date of Issue Nomenclature of The loan Stock Certificate/ BLA No. Place: Date: (Signature(s) of the Stock Certificate holder(s) /BLA holder(s)) Signature with name and address of witnesses: 1…... 2.. Acknowledgment Amount(*) 25 We acknowledge having cancelled the nomination in favour of Stock Certificate/BLA No...... .for the loan (Name of Nominees) for the .noted vide our nomination registration no...... Date:... Dated.. ..Authorised Official. Fo....
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....dian Bank 7 HDFC Bank Ltd. 8 Indian Overseas Bank 8 ICICI Bank Ltd. 9 Punjab National Bank 9 IndusInd Bank Ltd. 10 Punjab & Sind Bank 10 Jammu & Kashmir Bank Ltd. 11 Union Bank of India 11 Karnataka Bank Ltd. 12 UCO Bank 12 Karur Vysya Bank Ltd. 13 Kotak Mahindra Bank Ltd. 14 Nainital Bank Ltd. 15 RBL Bank Ltd. 16 South Indian Bank Ltd. 17 Tamilnad Mercantile Bank Ltd. 18 Yes Bank Ltd. 19 Bandhan Bank 20 IDFC First Bank Ltd 21 IDBI Bank Ltd. [à¤à¤¾à¤— II –खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 27 1. Australia and New Zealand Banking Group Ltd. 2. Bank of Bahrain & Kuwait BSC 3. AB Bank Ltd. 4. Sonali Bank Ltd. FOREIGN BANKS 24. Woori Bank 25. KEB Hana Bank 26. Industrial Bank of Korea 27. Kookmin Bank 5. Bank of Nova Scotia 28. Bank of Ceylon 6. Industrial & Commercial Bank of China Ltd. 29. Credit Suisse A.G 7. BNP Paribas 30. CTBC Bank Co., Ltd.....