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of <h1>Sovereign Gold Bond Scheme 2023-24: Buy Gold Bonds with 2.50% Interest, Taxable, Redeemable After 5 Years, Loan Collateral.</h1> The Sovereign Gold Bond Scheme 2023-24, issued by the Ministry of Finance, outlines the issuance of gold bonds under the Government Securities Act, 2006. The bonds are available in denominations starting from one gram of gold, with a subscription limit of four kilograms per individual or Hindu Undivided Family and 20 kilograms for trusts. Bonds can be held by residents, trusts, universities, and charitable institutions. The scheme offers a 2.50% annual interest rate, with redemption possible after five years. Bonds can be used as collateral for loans, and the interest is taxable. The scheme includes provisions for nomination, transfer, and trading of bonds.
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