| Sovereign Gold Bonds, 2016-17 Series II|
The Reserve Bank of India, in consultation with Government of India, had notified the issuance of Sovereign Gold Bonds, 2016-17 Series II vide IDMD.CDD.No.462/14.04.050/2016-17 and IDMD.CDD.No.463/14.04.050/2016-17. The fifth tranche of Sovereign Gold Bonds was open for subscription from September 01, 2016 to September 09, 2016. The bonds were to be issued on September 23, 2016.
Large number of applications have been received by banks and post offices. To enable smooth uploading of applications into RBI’s E- Kuber system, particularly by the post offices, it has since been decided to shift the issue date of the Sovereign Gold Bond from September 23, 2016 to September 30, 2016.
Other terms and conditions of the above circulars remain unchanged.
Anirudha D. Jadhav
Press Release : 2016-2017/740