The government today said it will launch on Tuesday the third tranche of the gold bond scheme, through which it has raised about Rs 1,050 crore in the earlier rounds.
"Applications for the bond will be accepted from March 8, 2016 to March 14, 2016. The Bonds will be issued on March 29, 2016," said a Finance Ministry statement.
The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices, it added.
The government had launched the first tranche of sovereign gold bond scheme in November for which it got subscription for 915.95 kg of gold worth Rs 246 crore. In January, it came out with the second tranche and received subscription for 3,071 kg gold amounting to Rs 798 crore.
The funds raised through the Bonds will form part of the government's market borrowing programme.
Further, Budget 2016-17 has proposed that redemption of sovereign gold bonds by an individual be exempt from capital gains tax.
