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In a major relief, the e-series investors of troubled National Spot Exchange will get to redeem their gold and silver investment in cash by expressing intention to do so between October 3 and 9.
The exchange will redeem investment at the market price fixed at the end of day between October 3 and 9., said the exchange in a statement.
NSEL will announce the gold price on its Web site at 3.30 p.m. and silver price at 4.45 p.m. on the redemption days. The existing request for redemption will be cancelled and units will transferred back to investors, it said.
Investors with the assistance of their brokers have to transfer their units to member's pool account for opting the financial settlement. They will receive the payment in their registered bank account.
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