Government's fourth tranche of sovereign gold bond scheme garnered Rs 106.5 cr for subscription worth around 341 kgs during its five day window period that ended on July 22 on National Stock Exchange of India Limited (NSE). The sovereign gold bond are issued by RBI on behalf of the Government of India. These subscription numbers are subject to verification by RBI. Earlier, RBI has appointed NSE as 'Receiving Office' for collecting subscription bids from investors and the bourse received around 8000 applications. Sovereign gold bond investors will not only benefit from change in value of gold but also fetch\u00a0a 2.75 per cent interest. These bonds can also be used as collateral for bank loans. The tenor of these bonds is 8 years with exit options in 5th, 6th and 7th year also. These bonds are tradable through stock exchanges including NSE and BSE. While long term capital gains tax is applicable if it is sold after 3 years, the same will be zero if redeemed on maturity. Further, there is no TDS on interest paid on these bonds.