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Press Release Sovereign Gold Bond Scheme 2016 17 Series III Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 201617 Series III. Applications

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What is sovereign gold bond scheme?

Sovereign Gold Bond Scheme is a government initiative that allows individuals to invest in gold in a paper form instead of buying physical gold.

Who is required to file sovereign gold bond scheme?

Individuals who wish to invest in gold bonds issued by the government are required to file for the Sovereign Gold Bond Scheme.

How to fill out sovereign gold bond scheme?

To fill out the Sovereign Gold Bond Scheme, individuals need to visit authorized Banks/Post Offices/Stock Holding Corporation of India Limited (SHCIL)/designated Post Offices/NBFCs and fill out the application form for the gold bond.

What is the purpose of sovereign gold bond scheme?

The purpose of the Sovereign Gold Bond Scheme is to reduce the demand for physical gold and channelize the investment into financial savings instruments.

What information must be reported on sovereign gold bond scheme?

The information reported on the Sovereign Gold Bond Scheme includes personal details of the investor, amount of investment, nomination details, etc.

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