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Sovereign Gold Bond 2018-19 - Series IV


Posted on 24-Dec-2018 Comments  0

Dear Customer,


Greetings from Tradeplus!!!


The Government of India (GOI) vide its notification F. No. 4(22) - W&M/2018 dated October 08, 2018 and Reserve Bank of India (RBI) vide its circular bearing Ref. No. RBI/2018-19/58 dated October 08, 2018 has notified operational guidelines for the issuance and settlement of Sovereign Gold Bonds (SGBs) 2018-19 - Series II to Series VI. Further, RBI vide Press Release dated December 21, 2018, provided details of Sovereign Gold Bond 2018-19 - Series IV.

 

The facility for issuance and subscription of SGB 2018-19-Series IV shall be available from December 24, 2018.

 

The parameters for the same are as follows:

Security symbol

SGB181904

Series

GB

Issue Price for Online Mode

Rs. 3069/- Per Gram

(for applying online & payment in digital mode)

Issue Price for Other Mode

Rs. 3119/- Per Gram

Issue Start Date

December 24, 2018

Issue Close Date

December 28, 2018

Bidding Session Time

9.00 A.M. to 5.00 P.M.

Minimum Bid Quantity

1 (gram)

Maximum Bid Quantity

4000 (grams) for Individual, HUF &

20000 (grams) for Trust and similar entities notified by Govt.*

 

The maximum limit of subscribed shall per fiscal (April-March) notified by the Government from time to time.

The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.


Click here to know how to apply bonds online


Thanking you,

With Best Regards

Trade Plus Team

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