Want to know more abt Sovereign gold bonds?

Will they pay interest 2.75% on face value( Rs 2684) or Market value of gold ? The money will deposit in Bank account or Trading account ? What we will get (Money or Gold) on redemption ? Which gold price they consider I mean MCX or other ?

To know more about sovereign gold bonds check answers from the below tradingqna link

http://tradingqna.com/39482/what-are-sovereign-gold-bonds?show=39482#q39482

Please answer specifically, Thanks