BSE (formerly Bombay Stock Exchange) | Market watch

This has reference to the GoI notification F.No.4(4)-B(W&M)/2020 and RBI IDMD.CDD.No.2729/14.04.050/2019-20 dated April 13, 2020 announcing that the Sovereign Gold Bond Scheme 2020-21 – Series 3 will be open for subscription from Monday, June 08 to Friday, June 12, 2020. The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bond Scheme 2020-21 – Series 3 (Tranche 40) will be open
 
BSE (formerly Bombay Stock Exchange) | Market watch

This has reference to the GoI notification F.No.4(4)-B(W&M)/2020 and RBI IDMD.CDD.No.2729/14.04.050/2019-20 dated April 13, 2020 announcing that the Sovereign Gold Bond Scheme 2020-21 – Series 3 will be open for subscription from Monday, June 08 to Friday, June 12, 2020.

The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bond Scheme 2020-21 – Series 3 (Tranche 40) will be open for subscription from Monday, June 08 to Friday, June 12, 2020 for trading members to subscribe to the issue for their clients. The issue price has been fixed at Rs. 4,627/ (Rupees Four Thousand Six Hundred and Twenty Seven Only) per gram of gold.

Details of the SGB Scheme Master

 















Issue Name

Sovereign Gold Bonds Scheme 2020-21 – Series III (Tranche 40)

Symbol

SGB202103

Issue serial number

23964

ISIN

IN0020200104

Issue Period

Monday, June 08 to Friday, June 12, 2020

Demat Mode Timing

9:00 am on T day till 5 pm on last day of bidding period

(Modification/Cancellation/Payment of bids date and timing)

9:00 am on T day till 5:30 pm on last day of bidding period

Issue Price (per gram of gold)

Online BID: Rs. 4,627 (For investors applying online and the payment against the application is made through digital mode)

Offline BID:  Rs. 4,677

Minimum Quantity

1 gram

Maximum Quantity

The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.

Bid Quantity Multiple

1 gram

Rate of Interest

2.50% per annum on the amount of initial investment. It shall commence from the date of its issue and is payable every 6 months.

Date of Allotment

June 16, 2020

 

 

For further information on the SGB Scheme, trading members are requested to refer to the above-mentioned notification issued by Government of India, RBI circular as well as Frequently Asked Questions (FAQs) section on RBI’s website and Exchange circulars at the following web links –

Government of India, Ministry of Finance, Department of Economic Affairs Notification: 

https://rbidocs.rbi.org.in/rdocs/content/pdfs/SGBVIIIGN06102017_AN.pdf   

RBI Circular:  

https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=41889   

Frequently Asked Questions (FAQs): 

https://www.rbi.org.in/Scripts/FAQView.aspx?Id=109 

Exchange website – About Sovereign Gold Bonds under the Public Issues Section : 

http://www.bseindia.com/Static/Markets/PublicIssues/gold_sovereign_bonds.aspx?expandable=2 

In case of any query on the BSE StAR MF platform you can reach us through our service centre on 022-30594050 on business days between 8.00 a.m. to 7.00 p.m. You can also raise your queries on our CRS portal: – 

https://bsecrs.bseindia.com   

 

 

Ketan Jantre                                                                   Zeeta Eustace

Sr. General Manager – Mutual Funds                          Asst. General Manager – Mutual Funds

Source link

From around the web

FEATURED ARTICLES
TECHNOLOGY
VIDEO