Breaking News

You are here » Indian-Commodity  :  Corporate  :  Andhra Bank to open Sovereign Gold Bonds for public subscription

10-Jul2017

Andhra Bank to open Sovereign Gold Bonds for public subscription

Andhra Bank will open its Sovereign Gold Bonds 2017-18 Series-II for public subscription from July 10 to 14 at all its branches across the country. The tenor of the bonds is 8 years, with a provision of premature cancellation after 5 years.

The bonds will be restricted for sale to resident Indian entities, including individuals, HUFs, Trusts, Universities and Charitable Institutions, which can apply for gold bonds (Minimum 1 gram and maximum 500 grams).

The issue price is fixed at Rs 50 less than the nominal price. The issue price of this tranche has been fixed at Rs 2,780 per gram of gold.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.


Related News

View all news

Reliance Industries to begin gas production from R-Cluster gas field from second half of FY21

Reliance Industries is planning to start natural gas production from R-Cluster gas field in the flagging KG-D6 block in the Bay of Bengal from the second half of the 2020-21 fiscal. The company and its......

Trigyn Technologies' arm extends contract with United Nations

Trigyn Technologies' wholly owned subsidiary -- Trigyn Technologies, Inc. and United Nations for the provision of communication and information technology staffing support at the UN Missions and other......

Intellect Design Arena features as leader in IDC MarketScape report

Intellect Design Arena has been positioned as a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment. AI automation, Analytics, APIs, and a focus......

Top News

View all news

Reliance Industries to begin gas production from R-Cluster gas field from second half of FY21

Reliance Industries is planning to start natural gas production from R-Cluster gas field in the flagging KG-D6 block in the Bay of Bengal from the second half of the 2020-21 fiscal. The company and its......

Trigyn Technologies' arm extends contract with United Nations

Trigyn Technologies' wholly owned subsidiary -- Trigyn Technologies, Inc. and United Nations for the provision of communication and information technology staffing support at the UN Missions and other......

Asian Granito forays into Sanitaryware segment

Asian Granito India has ventured into Sanitaryware segment, with an aim to provide 'Complete Bathroom Solutions' under one roof. The company is entering the Sanitaryware segment with 160 SKUs in products......