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of <h1>India Announces Sovereign Gold Bond Scheme 2023-24 with 2.5% Interest, Available in December and February.</h1> The Government of India, in consultation with the Reserve Bank of India, will issue the Sovereign Gold Bond Scheme 2023-24 in two tranches on December 28, 2023, and February 21, 2024. These bonds are available to resident individuals, HUFs, trusts, universities, and charitable institutions, with a minimum investment of one gram of gold and a maximum of 4 kg for individuals and HUFs, and 20 kg for trusts. The bonds, offering a 2.5% annual interest rate, can be used as collateral for loans and are tradable. Tax exemptions apply to capital gains on redemption, with standard KYC norms required.
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