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Union of India - Section

Section 10 in The Sovereign Gold Bond Scheme 2016 - Series II

10. Payment Options.

(1)All payments for Gold Bond shall be accepted in Indian Rupees through cash up to a maximum of Rs. 20000/- or demand draft or cheque or electronic banking.
(2)Where payment is made through cheque or demand draft the same shall be drawn in favour of the receiving office.