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14
March 2017
Putting
at rest the Sovereign Gold Bonds (SGBs) investors' worries over the pending
dematerialisation (demat) of their allotted bonds, the RBI on Tuesday announced
it had processed the demat requests, with the exception of those with
incomplete details. The Total
Investment & Insurance Solutions
"The
requests for dematerialisation have largely been processed successfully,"
the Reserve Bank of India said in a release here. The Total Investment & Insurance Solutions
"A
set of records, however, could not be processed for various reasons such as
mismatches in names and PAN numbers, inactive or closed demat accounts, besides
other reasons," it added, attaching a list of such unsuccessful demat requests. The Total Investment & Insurance
Solutions
SGBs,
which are denominated in multiples of gram of gold with a minimum unit of 1
gram and maximum of 500 grams, can also be held in demat form for ease of
trading.
Till
date, the goverment has issued six tranches of SGBs for a total value of Rs
4,145 crore.
"Not
withstanding the pending status, the Sovereign Gold Bonds will continue to be
held in RBI books and would be serviced regularly," the statement
added. The Total Investment &
Insurance Solutions
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