March 8, 2016

Sovereign Gold Bond (SGB) Certificate issued during 1st Tranche

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Sovereign Gold Bond (SGB) Certificate

Union Government in its Union Budget 2015-16 had announced introduction of Sovereign Gold Bonds (SGB) Scheme to cut down on the demand for metal gold in our country, which is primarily met through imports. SGB Scheme shall help maintaining the country's Current Account Deficit (CAD) within sustainable levels and is also expected to provide an alternative and attractive investment option to retail individuals.


Sovereign Gold Bond (SGB) Certificate




The SGB will be issued by Reserve Bank of India (RBI) on behalf of the Government of India in
tranches.The banks and post offices will be distributing the bonds through their branch network.

The Third tranche is to being opened on 08th March and shall close on14th March 2016.  The issue price for this first tranche has been announced by RBI at Rs. 2916.00 per unit of gold.