Besides Sovereign Gold Bonds, Modi will also launch two other gold related schemes -- Gold Monetisation Scheme (GMS) and the Gold Coin and Bullion Scheme.
Issuing the operational guidelines on the gold bonds, RBI said application forms from investors will be received at branches during normal banking hours from November 5 to 20.
"Relevant additional details may be obtained from the applicants, where necessary. Receiving offices need to ensure that the application is complete in all respects," it said.
In case the applicant's bank account is not with the receiving bank, the interest has to be credited by electronic fund transfer to the account details provided by the applicant, the guidelines said.
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RBI also said that the bonds will be available for subscription at the branches of scheduled commercial banks and designated post offices through RBI's e-kuber system. The e-kuber system can be accessed either through Infinet or Internet.
The bonds will be issued on November 26.
They will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the bond will be for a period of 8 years with exit option from 5th year.
Investors will be compensated at a fixed rate of 2.75 per cent per annum payable semi-annually on the initial value of investment.
The Indian gold coin is a part of the Gold Monetisation Programme. The coin will be the first ever national gold coin and will have the National Emblem of Ashok Chakra engraved on one side.