3rd Phase Gold Bonds to be issued on 8th March

The 3^rd phase of Gold Bonds is being released on 9^th March.

In the first 2 phases recommendations for Rs. 1050 Crores were received.

Applications can be made from 8^th March till 14^th March for Gold Bonds.

The allotments for these bonds will be done on 29^th March.

As per the last budget announcement, when selling Gold Bonds, exemption is given from Source Benefit Tax.

Gold Bonds worth 5, 10, 50 & 100 grams Gold Bonds can be bought.

In a given financial year, only up to 500 grams worth of Gold Bonds can be bought.

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