Updated By: LatestGKGS Desk
Eligibility for Sovereign Gold Bond Scheme
*An individual must be an Indian resident according to the Foreign Exchange Management Act,1999.
*Any individual/association/trusts/HUFs having an Indian residency is eligible.
*The Sovereign Gold Bond Scheme provides flexible gold denomination in terms of purchasing gold and the gold bonds are available in multiple weight denominations starting from 1 gram.
*The gold bonds can be availed in any form either paper or demat form as per convenience of the individual.
*The annual interest provided is 2.50% which can be paid semi-annually.
*The tenor of the bond is 8 years with an exit option in the 5th,6th and 7th year.
*The gold bonds invested can be gifted or transferred to others who are eligible under the scheme.They can also trade these bonds on stock exchanges
subject to notifications of the Reserve Bank of India.
*The gold bonds can be purchased through multiple payments modes such as cheques,cash,DDs or electronic transfer.
Sovereign Gold Bond Scheme : Gold Bond,Launch date and Other...
PM CARES FUND : Launch ,Objective and Important Facts PM CA...
Pradhan Mantri Mudra Yojana (PMMY):Launch,Eligibilty,Objecti...
Pradhan Mantri Jan-Dhan Yojana:Launch,Bnefits and Implementa...
CBDT committee submits report to replace Income Tax Act with...
Nirmala Sitharaman becomes India’s first woman Finance...
Ministry of Finance and Telecom rescue planning for telecom ...
Financial Administration: Finance Ministry, Auditor, Meaning...
Budgetary Process, General Budget, and Railway Budget at the...
Government to release Rs 75 commemorative coin to mark ...
Latest Daily Current Affairs GK GS Bulletins 1. Gandhi...
Union Finance Ministry Constitutes Competition Law Review Co...
» Sovereign Gold Bond Scheme : What is Gold Bond ?
» PM CARES Fund - Launch ,Objective and Features
» Pradhan Mantri Mudra Yojana (PMMY) :Objective and Features
» Smart Cities Mission : Funding ,Achievements and Challenges
» Smart Cities Mission :Launch date ,Awards and Objective of the Mission
Privacy Policy | Twitter | RSS