Sovereign Gold Bond Scheme 2017-18 Issue Price
Government of India, in consultation with the Reserve Bank of India, had floated Series III of Sovereign Gold Bonds 2017-18, for a period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday after each subscription period.
For the next subscription period i.e. December 18-20, 2017, the issue price shall be Rs.2,866 (Rupees Two Thousand Eight Hundred Sixty Six only) – per gram with Settlement on December 26, 2017, as also published by RBI in their Press Release dated December 15, 2017.
Government of India in consultation with the Reserve Bank of India, has decided to allow discount of Rs.50 (Rupees Fifty) per gram from the issue price to those investors who apply online and the payment is made through digital mode.
after how many years the bond can be encashed..