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SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of the Government of India. The quantity of gold for which the investor pays is protected since he receives the ongoing market price at the time of redemption/ premature redemption. The Bonds are issued in denominations of one gram of gold and in multiples thereof. The minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year. These securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). The Loan to Value ratio will be the same as applicable to ordinary gold loans prescribed by RBI from time to time.
16th January was celebrated as 'Opinion Poll Day' or 'Asmitai Dis' in the state of:
Who among the following were the founder members of the Red Trade Union Congress?
The Gopatha Brahmana is linked to which Veda?
On which day is Krishna Janmashtami celebrated during the dark fortnight of Bhadrapada?
In which year was Hindustan Copper Limited (HCL) established?
Which of the following lake-location pairs is incorrectly matched?
(I) Chilika Lake - Odisha
(II) Kolleru Lake - Andh...
In case of mutually exclusive projects having uneven cash flows and when the result of NPV and IRR are conflicting; NPV is a better method because:
The Yellow Revolution in India pertains to the production of what?
According to poet Bharat, during the reign of which king, Garhwal was at the peak of its progress?
What type of chatbot did SEBI launch to facilitate easy access to information for investors?
