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Sovereign Gold Bonds

Sovereign Gold Bonds were launched on Thursday 5th November, 2015 as a part of gold monetisation. Sovereign gold bonds offer 2.75 per cent interest to investors to cut physical buying of the precious metal. The Gold monetisation scheme and Sovereign Gold Bonds schemes are aimed to reduce reliance on gold imports, which raise India's current account deficit to damaging extent.

What is Sovereign Gold Bonds?

Sovereign Gold Bonds (SGBs) are Government Securities denominated in grams of gold. They are substitutes for holding physical gold. They are listed in the cash market.

Objective

Need for a Sovereign Gold Bond :

  • tick To reduce the demand for physical gold.
  • tickShift part of the estimated 300 tons of physical bars and coins purchased every year for Investment into 'demat' gold bonds.

Sale to Indian entities:

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities, charitable institutions, etc.

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Sale to Indian entities:

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities, charitable institutions, etc.

Features

The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc. The Bonds bear interest at the rate of 2.75 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal. The Sovereign Gold Bonds will be available both in demat and paper form. The tenure of the bond is for a minimum of 8 years with option to exit in 5th, 6th and 7th years. They will carry sovereign guarantee both on the capital invested and the interest. Bonds can be used as collateral for loans. Bonds would be allowed to be traded on exchanges to allow early exits for investors who may so desire. Further, bonds would be allowed to be traded on exchanges to allow early exits for investors who may so desire. In Sovereign Gold Bonds, capital gains tax treatment will be the same as for physical gold for an 'individual' investor. The department of revenue has said that they will consider indexation benefit if bond is transferred before maturity and complete capital gains tax exemption at the time of redemption.

Trading :

The trading in Sovereign Gold Bond shall be inclusive of accrued interest i.e. dirty price. The first tranche of Sovereign Gold Bond (issued on November 30, 2015) shall be available for trading w.e.f. June 13, 2016 .

Exchange : (NSE )

Segment Capital Market Segment
Market Type Normal (N)
Book Type Regular Lot (RL), Stop Loss (SL)
Symbol of the security To be intimated separately from time to time
Series GB
Market Lot 1 (one unit = one gram)
Order Type Day, Immediate or Cancel (IOC), Market & Limit Order.
Order matching Anonymous order book. Continuous matching with Price – Time priority.
Tick Size Rs 0.01
Eligible Members All members eligible to trade in Capital market segment
Market Timings 09:15 am to 3.30 pm. & 3:40 pm to 4:00 pm (closing session).

Exchange : ( BSE )

Segment Equity Segment
Underlying Sovereign Gold Bond Scheme 2015 Tranche One.
Trading hours 09:15 a.m. to 03:30 p.m. and 03:40 p.m. to 04:00 p.m. (post closing)
Trading Session Continuous Trading.
Name of the security (Scrip Id) SGB20151
Scrip Code 800251
Group G
Market Lot 1 unit (1 unit = 1 gram of Gold) and in multiples of 1 thereafter.
Minimum Price Movement (Tick Size) Rs 0.01
The trading of these bonds shall be on dirty price.
Quotation
Scrip Validity Quotation shall be on dirty price.
Contract value Quoted Price*Quoted Qty Price Band +/- 10% Scrip shall be available for trading till the expiry date of the tranche.
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Dayco Securities Pvt Ltd

Regd. Office:

Poddar Point B Block (North),
7th Floor, 113 Park Street,
Kolkata – 700016, India.

Notice Board

Settlement of Running account of Clients funds Lying with Trading Member

SEBI has issued a circular dated July 27, 2022 wherein all Previous circulars on running account settlement of client’s funds and securities stands modified and accordingly only Funds lying with the trading member shall be settled on quarterly/Monthly basis as opted by the client w.e.f quarter beginning (October 2022 to December 2022).

SEBI has clarified that settlement of clients funds will be done on first Friday of the Quarter for clients opted for settlement on Quarterly basis and on first Friday of the month for clients opted for settlement on monthly basis. In case Friday is a Trading holiday then the same shall be settled on previous trading day.

We therefore wish to bring to your knowledge that since there will be full pay out of funds on the settlement day, hence to ensure continuity of trades on Monday ensure to make available the cash margin requirement.

In case of shortage in cash Margin requirement, your trades may not get executed and put on restricted trading mode.


- By order of the Management.

Please note NSDL vide its circular NSDL/POLICY/2021/0036 dated April 07, 2021, NSE Circular Ref. No: NSE/ISC/47869, NSE/ISC/48165 and BSE Notice No. 20210401-53, 20210503-41 dated April 01, 2021 and May 03, 2021, respectively has informed regarding the 6 KYC attributes i.e. Name, Address, Valid PAN, Valid mobile no., Valid email id & Income range made mandatory for all the categories of clients as decided in consultation with all MIIs and SEBI. Therefore, we request you to update the following KYC attributes in your demat/trading account for smooth operation. For further query please contact our helpdesk at 8336069307/9231023722 or mail to customersupport@daycoindia.com.

"Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create a pledge.

Pay 20% upfront margin of the transaction value to trade in the cash market segment.

Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. .........."

Notice on Collection of Upfront Margin from 1 Aug, 2020 in Cash Segment:

It is to inform you that SEBI Vide circular dated August 01, 2019 & February 25, 2020 has made Margin collection (Initial Margin & M2M) mandatory for trading in Cash/Equity Segment effective August 01,2020 failing which Penalty will be levied by the Exchanges for not meeting the Margin requirement.

Therefore in compliance with the same, we request all the clients to provide us the sufficient margin either in the form of Funds and or securities before undertaking any trade on the Exchange through us. Moreover it is also applicable for intraday trades undertaken by the client.

We request you to provide the securities in our client Collateral account if you wish to undertake the trade and comply with the SEBI requirement of fulfilling the Margin obligation requirement in Cash Segment (Applicable on both Delivery & Non Delivery).

It is also reiterated that SEBI circular also envisages that the Shares can be given for Margin to the Stock broker through Pledge Instruction only initiated through depository System. Therefore in lieu of the same any charges levied by the Depository (In our Case NSDL) will be simultaneously charged to clients on actual basis.

Therefore we request you to kindly Provide us the Margin as required through SEBI circular as mentioned above in order to meet the margin requirement as applicable for trading in the Cash segment.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.

From 15th April Dayco is providing trade confirmation via SMS.

All clients are requested to record their email id for electornic despatch of contract and statement.

All clients are requested to record their mobile no. for trading and demat account.

All clients are requested to open a Speed-e for electronic Delivery Instruction.

113, Park Street, Poddar Point, B/ Block, 7th Floor, Kolkata-700016. PH 40675066/74, Compliance Officer: ADITI NUNDY, PHONE - 033-40675065, E-Mail ID- aditi@daycoindia.com I. G. Mail id- ig@daycoindia.com CIN No- U67120WB1994PTC064961.

Submit application letter along with photocopy of PAN and address proof requesting activation of Dormant Account.

All clients are requested to providing the NEFT details of your bank account for receiving directly credit to your account by online.Please summit a cancel cheque in your opprating branch.

Compliance Officer: ADITI NUNDY, PHONE - 033-40675065, E-Mail ID- aditi@daycoindia.com I. G. Mail id- ig@daycoindia.com CIN No- U67120WB1994PTC064961.

http://www.daycoindia.com/accountopening/formsdownload/index.html. 

Prevent Unauthorized trn in your demat account Update your Mobile No with your DP Receive alerts on your Regd Mobile for all debit and other important trn in ur demat a/c directly from NSDL on the same day issued in the interest of investors.

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

Registration No.: SEBI RIA : INA300016701 | STOCK BROKER : INZ000265037 | NSDL : IN-DP-569-2021 | PFRDA : POP 24092018 | IRDA : IRDA/IRI/2013/026 | AMFI : ARN-46706 | GSTIN: 19AAACD9409P1Z2 | CIN: U67120WB1994PTC064961
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