The government of India announced the opening of the fourth tranche of its Sovereign Gold Bond scheme on July 18.
The Sovereign Gold Bond parameters are as under :
| Issue Price (per Gram) | Rs 3,119 |
| Issue Start Date | July 18, 2016 |
| Issue Close Date | July 22, 2016 |
| Bidding Session Time | 10:00 AM to 05:00 PM |
| Minimum Bid Quantity | 1 (Gram) |
| Maximum Bid Quantity | 500 (Gram) |
| Interest | Fixed Interest @ 2.75% per annum payable semi-annually on the issue price amount |
| Tenure | 8 years with an exit option from 5th year onwards |
The applications will be accepted through the members of National Stock Exchange and Bombay Stock Exchange, Banks, designated Post Offices and Stock Holding Corporation of India (SHCIL).
