SOVEREIGN GOLD BOND SCHEME
1. Eligibility:- Only to Resident Indian Entities including Individuals, HUFs, Trusts, Universities & Charitable Institutions.
2. Tenor : - Tenure of Bond - 8 Years with exit option from 5th Year to be exercised on the interest payment dates.
3. Minimum Size : 2 gms of gold.
4. Maximum Size : 500 gms per person per fiscal year.
5. Joint Holding :- In case of joint holding the limit will be applied to the first applicant only.
6. Sales Channel :- Bonds will be sold through banks and designated Post offices, as may be notified.
7. Interest Rate :- Fixed Rate of 2.75% per annum payable semi-annually on the initial value of investment.
8. Collateral:- Bonds can be used as a collateral for loan.
9. KYC Documentation :- Mandatory
