Sovereign Gold Bond Scheme 2023-24

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....oration 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, 1882, or a public or private trust constituted or recog....

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....on 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 receipt in Form 'B' if all requirements of the application are fulfilled. (v) An incomplete application is liable to be rejected. 6. Date and ....

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....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 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 th....

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....ction 4 of the Gazette of India dated the 1st December 2007. 18. Trading of Gold Bonds- The Gold Bonds shall be eligible for trading. 19. Commission for mobilizing subscription- The commission for mobilising subscription towards these bonds shall be paid at the rate of Rupee One per Hundred Rupees of the total subscription received by the Receiving Offices and Receiving Offices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them. 20. All other terms and conditions specified in the notification of Government of India, Ministry of Finance (Department of Economic Affairs) vide number F. No.4 (2) W&M/2018, dated the 27th March, 2018 shall apply to the Gold Bond issued under this scheme. By Order of the President of India [F. No. 4(6)-B(W&M)/2023] ASHISH VACHHANI, Addl. Secy. सत्यमेव जयते APPLICATION FORM FOR SOVEREIGN GOLD BOND 2023-24 (Put wherever required) Name of Receiving Office Name of Branch: Mode of Subscription. ☐ Cash Cheque/DD Electronic Transfer Grams of Gold Applied ....

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.... of thumb impression, attestation by two witnesses Witnesses: Name of 1st Witness Name of 2nd Witness Address Signature H.U.F. declaration (mandatory, if applicant is Karta of HUF) 21 .,residing at the address given against First Applicant, do solemnly affirm that I am the Karta of the Hindu Undivided Family and as such have full powers to sell, endorse, transferor otherwise deal in the Sovereign Gold bonds 2023-24, standing in the name of the HUF. Specimen signature for and on behalf of the HUF (Name of the HUF). Place Date (Signature of the Karta with seal of HUF) Date, Bank Stamp & Signature of the authorized official of the bank/Post Office In case of thumb impression, attestation by two witnesses Witnesses: Name of 1st Witness Name of 2nd Witness Address Signature 22 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] H.U.F. declaration (mandatory, if applicant is Karta of HUF) .,residing at the address given against First Applicant, do solemnly affirm that I am the Karta of the Hindu Undivided Family and as such have full powers to sell, endorse, transferor otherwise deal in the Sovereign Gold b....

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....a Limited (CCIL) or any other entity as may be approved by RBI. [भाग II—खण्ड 3(i)] भारत का राजपत्र : असाधारण Instructions for Investors/ Applicants a) Application should be complete in all respects. Incomplete applications may be rejected or delayed till full particulars are available. 23 b) c) d) In case the application is submitted by a Power of Attorney (POA) holder, please submit original POA for verification, along with an attested сору. In case the application is on behalf of a minor, please submit the original birth certificate from the School or Municipal Authorities for verification, together with an attested copy. Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of an SGB. In case nominee is a minor, please indicate the date of birth of the minor and a guardian can be appointed. Nomination facility is not available in case the investment is on behalf of minor. Please provide bank account details for receiv....

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.... (Rupees....... ..... only). (Stamp Seal of the Receiving Office) Form 'C' [See paragraph 6 (1)] सत्यमेव जयते भारत सरकार Government of India सॉवरेन स्वर्ण बांड 2023-24 SOVEREIGN GOLD BOND 2023-24 Certificate Number- मैं एतद द्वारा प्रमाणित करता हूँ कि श्री / श्रीमती _यूनिट सॉवरेन स्वर्ण बांड 2023-24 ( श्रृंखला III/IV) के पंजीकृत धारक हैं। सॉवरेन स्वर्ण बांड 2023-24 (श्रृंखला III/IV) कà¥....

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....aph 16] NOMINATION (Name and address), the holder/s of Stock certificate hereby nominate the following person/s who shall on my/our death have the right to the Government securities/Bonds and receive payment of the amount for the time being due on the Government securities/Bonds specified below: PARTICULARS OF NOMINEE: Date of issue Amount Date of Full name with repayment expanded initials and address of nominee Date of birth in case of minor Relation- Ship to holder/s Particulars Of bank account [भाग II—खण्ड 3 (i)] भारत का राजपत्र : असाधारण 25 the sole nominee above is a minor to receive the amount for the To be filled in case if nominee is minor: As... on this date, I/We appoint Shri/Smt./Kumari time being due to the above Government securities/Bond in the event of my/our death during the minority of the said nominee.... If the nomination is in substitution of the one already made: This nomination is in substitution of the nomination dated.......

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....egistered 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 witness, our hand the day of Signed by the above-named transferor In the presence of** two thousand and........ Signature of transferor... Address:. Signed by the above-named transferee In the presence**. Signature of transferee.. * Delete whichever is not applicable. @: This paragraph is to be used only when a portion of the Certificate is transferred. **: Signature, occupation and address of witness. Witness should be different for Transfer or and transferee. Transferred: Stock Certificate issued. No/s.. .dated..... Manager, Reserve Bank of India, Annexure I (Refer to para 2(b) of notification dated December 08, 2023) List of Schedu....