Sovereign Gold Bond Scheme 2021-22 series I opens today, May 17: How to apply, price, eligibility and more

Sovereign Gold Bond Scheme 2021-22 series I opens today, May 17: How to apply, price, eligibility and more

Minimum permissible investment will be 1 gram of gold. The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.

Mumbai: Equity benchmark Sensex soared over 600 points in early trade on Tuesday, led by gains in index majors HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets.

Topping the 50,000 mark in the opening session, the 30-share BSE index was trading 601 points or 1.21 per cent higher at 50,181.73.

Similarly, the broader NSE Nifty rose 178.40 points or 1.20 per cent to 15,101.55.

All Sensex components were trading in the positive terrain, with Bajaj Finance advancing over 3 per cent, followed by IndusInd Bank, Axis Bank, PowerGrid, HDFC Bank, Bajaj Auto and ICICI Bank.

In the previous session, Sensex zoomed 848.18 points or 1.74 per cent to end at 49,580.73; and Nifty surged 245.35 points or 1.67 per cent to settle at 14,923.15.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,255.84 crore on Monday, as per provisional exchange data.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the positive trigger for the market now is the steadily declining fresh COVID cases and the steadily rising recovery rates.

“The latest numbers (2.62 lakh fresh cases and 4.22 lakh recoveries) indicate a continuation of this positive trend. The market is discounting progressive lifting of the widespread lockdowns starting in early June. Even though growth and earnings will be impacted in Q1, smart recovery can be expected in the subsequent quarters,” he said.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.

Equities on Wall Street ended with losses in overnight trade.

Meanwhile, international oil benchmark Brent crude was trading 0.39 per cent higher at USD 69.73 per barrel. 

Live TV

#mute

$(function() {
return $(“[data-sticky_column]”).stick_in_parent({
parent: “[data-sticky_parent]”
});
});

reset_scroll = function() {
var scroller;
scroller = $(“body,html”);
scroller.stop(true);
if ($(window).scrollTop() !== 0) {
scroller.animate({
scrollTop: 0
}, “fast”);
}
return scroller;
};

window.scroll_it = function() {
var max;
max = $(document).height() – $(window).height();
return reset_scroll().animate({
scrollTop: max
}, max * 3).delay(100).animate({
scrollTop: 0
}, max * 3);
};

window.scroll_it_wobble = function() {
var max, third;
max = $(document).height() – $(window).height();
third = Math.floor(max / 3);
return reset_scroll().animate({
scrollTop: third * 2
}, max * 3).delay(100).animate({
scrollTop: third
}, max * 3).delay(100).animate({
scrollTop: max
}, max * 3).delay(100).animate({
scrollTop: 0
}, max * 3);
};

$(window).on(“resize”, (function(_this) {
return function(e) {
return $(document.body).trigger(“sticky_kit:recalc”);
};
})(this));

}).call(this);

Sort by:

Be the first to leave a review.

{{{review.rating_comment | nl2br}}}

Your browser does not support images upload. Please choose a modern one

New Delhi: The Reserve Bank of India (RBI) has said that people will not be able to do NEFT transactions from 00:01 hrs to 14:00 hours on Sunday, May 23, 2021, due to NEFT system upgrade.

“A technical upgrade of NEFT, targeted to enhance the performance and resilience, is scheduled after the close of business of May 22, 2021. Accordingly, NEFT service will not be available from 00:01 hrs to 14:00 hrs on Sunday, May 23, 2021. The RTGS system will continue to be operational as usual during this period. Similar technical upgrade for RTGS was completed on April 18, 2021,” an RBI statement said.

Member banks may inform their customers to plan their payment operations accordingly. NEFT Members will continue to receive event update(s) through NEFT system broadcasts, RBI added.

This mean that although NEFT system would not be available for bank customers during the above mentioned time, RTGS system will continue to be operational as usual during this period.

It may be recalled that a similar technical upgrade for RTGS was completed on April 18, 2021.

What is NEFT?

NEFT is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.

What is RTGS?

RTGS is a financial transaction system, where there is continuous and real-time settlement of fund transfers, individually on a transaction-by-transaction basis. RTGS transactions or transfers have no amount cap.

Live TV

#mute

$(function() {
return $(“[data-sticky_column]”).stick_in_parent({
parent: “[data-sticky_parent]”
});
});

reset_scroll = function() {
var scroller;
scroller = $(“body,html”);
scroller.stop(true);
if ($(window).scrollTop() !== 0) {
scroller.animate({
scrollTop: 0
}, “fast”);
}
return scroller;
};

window.scroll_it = function() {
var max;
max = $(document).height() – $(window).height();
return reset_scroll().animate({
scrollTop: max
}, max * 3).delay(100).animate({
scrollTop: 0
}, max * 3);
};

window.scroll_it_wobble = function() {
var max, third;
max = $(document).height() – $(window).height();
third = Math.floor(max / 3);
return reset_scroll().animate({
scrollTop: third * 2
}, max * 3).delay(100).animate({
scrollTop: third
}, max * 3).delay(100).animate({
scrollTop: max
}, max * 3).delay(100).animate({
scrollTop: 0
}, max * 3);
};

$(window).on(“resize”, (function(_this) {
return function(e) {
return $(document.body).trigger(“sticky_kit:recalc”);
};
})(this));

}).call(this);

Sort by:

Be the first to leave a review.

{{{review.rating_comment | nl2br}}}

Your browser does not support images upload. Please choose a modern one

This content was originally published here.

Rate:

0 out of 5 stars(0 ratings)

Subscribe to Our Newsletter

money for gold logo

Learn About Buying and Selling Gold for the Best Prices

Get the latest news and expert advice on Gold!

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Share Great Content for Our Resource Section

About

MoneyForGold.com is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.

Have a question or comment? Email us at: contact@moneyforgold.com

Navigation
MoneyForGold.com
50% Complete

Learn Where to Sell Your Gold for the Best Prices

Free 3-Minute, Practical Stories Delivered to You Everyday!
Buy, Sell, Invest in Gold Today!