The government has decided to shift the issue date of sovereign gold bonds 2016-17 Series-II from September 23 to September 30 in view of the large number of applications being received by banks and post offices.
The government in consultation with the Reserve Bank of India had notified the issuance of sovereign gold bonds, 2016-17 Series II vide Notification F.No.4(7)-W&M/2016 dated August 29, 2016. The tranche was open for subscription from September 1, 2016 to September 9, 2016. The bonds were to be issued on September 23, 2016.
A 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. All other terms and conditions of the above notification remain unchanged.
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