Mumbai (Maharashtra) [India], October 10 (ANI/PRNewswire): JM Financial Home Loans Limited (JM Financial Home Loans / the Company) announced the launch of a new branch in Erode in Tamil Nadu.

New Delhi [India], August 31 (ANI): Indian stock markets, including the National Stock Exchange of India and Bombay Stock Exchange, are closed today on the occasion of Ganesh Chaturthi festival.

More than 30 new companies have already made their IPO debuts in 2021 and many New IPOs are in the Upcoming IPO list. Few of the New IPOs turned out to be blockbusters and gave superb returns on the listing day while some underperformed . IPOs to Watch Out For: From Ola To GoAir, Know […]

New Delhi Oct 21 PTI The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25 the finance ministry said in a statement on Thursday The bonds under the 2021-22 series will be issued in four tranches during October 2021-March 2022 taking the total to 10 Under the series bonds were issued in six tranches from May 2021 to September 2021 The subscription period for 2021-22 Series-VII will be October 25-October 29 and bonds will be issued on November 2 the finance ministry said in a statement The bonds will be sold through banks except small finance banks and payment banks Stock Holding Corporation of India Limited SHCIL Clearing Corporation of India Limited CCIL designated post offices and recognised stock exchanges National Stock Exchange of India and Bombay Stock Exchange The Reserve Bank of India will issue the bonds on behalf of the Government of India The price of bonds will be fixed in the Indian rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Ltd for the last three working days of the week preceding the subscription period The issue price of the gold bonds will be Rs 50 per gram less for those who subscribe online and pay through digital mode The tenure of the bond will be for a period of eight years with an exit option after fifth year to be exercised on the next interest payment dates The investors will be compensated at a fixed rate of 250 per cent per annum payable semi-annually on the nominal value said the ministry adding the minimum permissible investment will be 1 gram of gold The maximum limit of subscription shall be 4 kg for individual 4 kg for HUF and 20 kg for trusts and similar entities per fiscal April-March Know Your Customer KYC norms will be the same as that for the purchase of physical gold The sovereign gold bond scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings PTI NKD HRS hrs