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Monday, August 01, 2016

Fourth tranche of gold scheme nets Rs. 919 cr.



  • The fourth tranche of the Sovereign Gold Bond Scheme received applications for a record Rs.919 crore worth of gold bonds, taking the total amount received through the scheme to about Rs.2,240 crore across the four tranches of the scheme so far.
  • The product, in addition, earns an interest rate of 2.75 per cent per annum, payable half yearly on initial investment

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