SBT Issues Sovereign Bonds 2016-17 Series 2

THIRUVANANTHAPURAM:
State Bank of Travancore will be accepting applications for Sovereign Gold Bonds 2016-17 Series-2 through all its branches. The issue will be open from 1st to 9th September 2016. The bond is a suitable alternative to purchasing metal gold. The minimum investment amount is rupee equivalent of 1 gram of
gold and the maximum is 500 grams. The rate of interest on the investment will be 2.75% per annum on the initial value of investment. The period of the bond will be 8 years with exit option available from the 5th year onwards. The bond can be purchased by resident Indian entities including individuals, HUFs, trusts, Universities and charitable institutions and is tradable at Stock Exchanges.