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Government offers discount under Sovereign Gold Bond Scheme 2016-17!

Updated on: 08 Aug, 2023 06:45 PM

With Diwali just around the corner, it’s a good time to invest in gold in the Sovereign Gold Bond Scheme 2016-17 issued by Government.

Applications shall be accepted from October 24,2016 to November 02,2016.

The Government in association with RBI has decided to offer a discount of Rs 50 per gram and the issue price been fixed at Rs 2957 per gram of gold. The tenor of the bond shall be 8 years with an exit option from 5th year and the maximum amount subscribed will not be more than 500 grams per person per fiscal year.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.