Page 8 - Digi Notes - GA- 27-03-2016
P. 8
www.bankersguru.org
(General Awareness)
Sovereign Gold Bond Scheme
SGBs are government
securities denominated in
grams of gold. They are
substitutes for holding
physical gold
Persons resident in India as Bonds can be used as
under FEMA Act, 1999 are collateral for loans
eligible to invest in SGB
Bonds would be allowed to
Eligible investors include be traded on exchanges
individuals, HUFs, trusts,
universities, charitable
institutions,
The Bonds are issued in The Bonds
denominations of one gram interest at 2.75 The Sovereign Gold Bonds
of gold and in multiples per cent (fixed will be available both in
thereof. rate) per annum . demat and paper form.
Minimum investment in the Interest will be The tenor of the bond is for
Bond shall be two grams credited semi- a minimum of 8 years with
with a maximum of 500 annually . option to exit in 5th, 6th
grams per person per year and 7th years
Date of Release – 22-Dec-15 SUBJECT: GA www.bankersguru.org
(General Awareness)
Sovereign Gold Bond Scheme
SGBs are government
securities denominated in
grams of gold. They are
substitutes for holding
physical gold
Persons resident in India as Bonds can be used as
under FEMA Act, 1999 are collateral for loans
eligible to invest in SGB
Bonds would be allowed to
Eligible investors include be traded on exchanges
individuals, HUFs, trusts,
universities, charitable
institutions,
The Bonds are issued in The Bonds
denominations of one gram interest at 2.75 The Sovereign Gold Bonds
of gold and in multiples per cent (fixed will be available both in
thereof. rate) per annum . demat and paper form.
Minimum investment in the Interest will be The tenor of the bond is for
Bond shall be two grams credited semi- a minimum of 8 years with
with a maximum of 500 annually . option to exit in 5th, 6th
grams per person per year and 7th years
Date of Release – 22-Dec-15 SUBJECT: GA www.bankersguru.org
