The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 17, has been fixed at Rs 4,777 per gram, the Reserve Bank of India said on Friday. The government has decided to issue the bonds in six tranches from May 2021 to September 2021. The RBI will issue the bonds on behalf of the Government of India. The nominal value of the bond based on the simple average closing price for gold of 999 purity of the last three business days of the week preceding the subscription period.works out to Rs 4,777 per gram of gold, the RBI said.
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Sovereign Gold Bonds 2021-22: Series I subscription to start from May 17
The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the Finance Ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday.
The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.
The bonds will be sold through banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
Nomination facility for your joint holdings
Nita Mukherjee
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There is a positive development for holders of Government of India bonds who are using the demat account of Stock Holding Corporation of India Limited (SHCIL). Since 13th April, their ‘system’ has started accepting applications for nomination in the case of joint-holders of GoI Bonds.
Moneylife. More so since it is really a case of
Moneylife impact!
For several years, I have been putting a small part of my savings into GoI bonds subscribed through SHCIL. All the holdings are in joint names. While making the application, I was informed that for joint holdings, there is no provision for nomination. The usual pitch was that it was not necessary because the holdings were in joint names. And, while I did not accept the logic, I had not really gotten down to insisting on my right to nominate, for a relatively easier way of transmission of the holdings.
SRINAGAR: Inspector General of Registration, J&K, Dr Pawan Kotwal reviewed the measures taken by the department to bring transparency and efficiency in the registration system by adopting IT-enabled applications for online execution of documents and collection of stamps and registration fee digitally.
Dr Kotwal said that the department of registration has almost achieved the phase of digital business and will adopt the concept of paperless office soon. He added that with the introduction of computerized registration of documents and collection of stamps and Registration fee electronically, the registration system has become foolproof and transparent besides citizen-friendly.
The Registration Department is going to be fully paperless soon with the adoption of digital mechanism. The registration of documents was taken up from the judiciary by the registration department on November 1, 2019. Since then the department has registered 72571 documents, generating the revenue of rupees 3
The sovereign gold bond scheme, that opened for subscription from today, will close on March 5. The issue price of the bond is the lowest in the last 10 months.