Andhra Bank opens Sovereign Gold Bond scheme

Andhra Bank will be selling gold bonds under the fourth tranche of the Sovereign Gold Bond Scheme 2016-17 series from Monday (February 27) till March 3 all its branches across the country. The bonds will be sold to resident Indian entities including individuals, HUFs, trusts, universities and charitable institutions who can apply for gold bonds. The eight-year old bonds comes with premature cancellation option after five years, the bank said in a statement on Sunday.