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Indian Overseas Bank Has Become The 1st Bank To Sell Indian Gold Coins

Indian Overseas Bank Has Become The 1st Bank To Sell Indian Gold Coins
19 March 2016 Current Affairs: Indian Overseas Bank (IOB) has become the first bank to commence the sale of Indian Gold Coin (IGC) in the domestic market.It has tied up with MMTC for the sale of IGC of 24 carat purity. The IGC has the national emblem, the Ashok Chakra, engraved on one side and the face of Mahatma Gandhi on the other.The coin carries advanced anti-counterfeit features and comes in tamper-proof packaging.The current denominations available are 5, 10 and 20 gm. IGC is the first ever national gold offering by the Centre and was launched by Prime Minister Narendra Modi on November 5.IGC in Delhi was launched in the presence of Alok Pande, Director in the Department of Financial Services, Finance Ministry, and Anand Trivedi, Director (PMS), MMTC, besides other senior officials.This gold coin is minted by the Security Printing and Minting Corporation of India Ltd and hallmarked by the Bureau of Indian Standards.


December 2016 Current affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
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27 SEP
NEWS
26 SEP
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24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
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29 AUG
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27 AUG
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26 AUG
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