New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the tenor of the Sovereign Gold Bond (SGB) bond,

    and when is early encashment/redemption allowed? 
    A 5 years, allowed after the third year Correct Answer Incorrect Answer
    B 8 years, allowed after the fifth year Correct Answer Incorrect Answer
    C 10 years, allowed after the seventh year Correct Answer Incorrect Answer
    D 8 years, allowed after the fourth year Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

     The tenor of the SGB bond is 8 years, and early encashment/redemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates. 

    Practice Next