Rights of Investors of Sovereign Gold Bond Scheme 2016-17

By | October 28, 2016
(Last Updated On: October 28, 2016)

Rights of Investors of Sovereign Gold Bond Scheme 2016-17

 Rights of the Investors of  Sovereign Gold Bond Scheme 2016-17

a) Holding Certificate will be issued to the investor.

b) The interest on the bond is paid half-yearly. The servicing of the Interest will be done through the bank account provided in the Application form or through the A/c linked to the de-mat, as the case may be.

c) Application forms for investments under Sovereign Gold Bonds 2016-17 – Series II are available on the website at www.rbi.org.in/finmin.nic.in

d) A sole holder or all the joint holders may nominate maximum of two nominees to the rights of the bonds.

e) The nomination will be registered at the Office of Issue and a Certificate of Registration will be issued to the holder.

f) The nomination can be altered by registering a fresh nomination.

g) The existing nomination can be cancelled by a request to the Office of Issue.

h) The investor is entitled to receive repayment amount within five clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above, you may lodge a complaint in writing in to the nearest office of Reserve Bank of India as under:

THE REGIONAL DIRECTOR, RESERVE BANK OF INDIA, CONSUMER EDUCATION AND PROTECTION DEPARTMENT/ BANKING OMBUDSMAN (LOCATION)

YOU MAY ALSO ADDRESS YOUR COMPLAINT TO:

THE CHIEF GENERAL MANAGER INTERNAL DEBT MANAGEMENT DEPARTMENT CENTRAL OFFICE FORT, MUMBAI-400 001, MAHARASHTRA

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