"Members are hereby informed that, with effect from Wednesday, July 20, 2016, while placing bids for Sovereign Gold Bond (SGB) Scheme 2016-17 - Series 1 upfront deposit of cash collateral will not be required," BSE said in a circular.
Instead of the cash collateral, members will have the facility to effect funds pay-in for the SGB bids placed on BSE SGB platform, the exchange added.
The SGB issue price has been fixed at Rs 3,119 per gram. An investor can invest for a minimum unit of one gram and a maximum of 500 grams. The subscription is open till July 22.
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