Sovereign Gold Bond Scheme 2023-24 offers 8 year government gold linked bonds with 2.5% interest and tradability. Sovereign Gold Bond Scheme 2023-24 issues Government of India Stock denominated in grams of 999 purity gold, available to resident individuals, HUFs, trusts, charitable institutions and universities. Bonds (min one gram) have fiscal-year subscription ceilings (4 kg individuals/HUF; 20 kg trusts), nominal value fixed by a three day IBJA average, Rs.50 per gram discount for digital applicants, 2.50% p.a. interest payable semi annually, eight year tenor with premature redemption after year five on coupon dates, transferability, Demat conversion, tradability, loan collateralisation subject to LTV and lender discretion, and specified tax treatment.
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Sovereign Gold Bond Scheme 2023-24 offers 8 year government gold linked bonds with 2.5% interest and tradability.
Sovereign Gold Bond Scheme 2023-24 issues Government of India Stock denominated in grams of 999 purity gold, available to resident individuals, HUFs, trusts, charitable institutions and universities. Bonds (min one gram) have fiscal-year subscription ceilings (4 kg individuals/HUF; 20 kg trusts), nominal value fixed by a three day IBJA average, Rs.50 per gram discount for digital applicants, 2.50% p.a. interest payable semi annually, eight year tenor with premature redemption after year five on coupon dates, transferability, Demat conversion, tradability, loan collateralisation subject to LTV and lender discretion, and specified tax treatment.
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