Nifty Future Tips | New Delhi: In view of huge number of applications, the Reserve Bank today shifted the issue date of Sovereign Gold Bond by four days to Nov 30 to enable their smooth uploading into RBI's e-Kuber system.

"Large number of applications has been collected by banks and post offices. To enable smooth uploading of applications into RBI's e-Kuber system, particularly by the post offices, it has since been distinct to shift the issue date of the Sovereign Gold Bond from 26 Nov, 2015 to 30 Nov, 2015," the central bank said in a statement.

The first tranche of the bonds was open for subscription from 5th Nov to 20th Nov, 2015. The bonds were to be issued on November 26.

RBI further said that as the adjustment date has now been shifted to November 30, the interest at prevailing savings bank rate "shall be paid" on the date of realisation of payment to the new settlement.

As per the operational guidelines regarding the contract, the applicants will be paid interest at prevailing savings bank rate from the date of realisation of payment to the adjust date (period for which they are out of funds).

The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gm. The tenor of the bond will be for a period of 8 years with exit option from 5th year.

Investors will be fixed at a fixed rate of 2.75 per cent per annum payable semi-annually on the initial value of investment.