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Sovereign Gold Bonds are the government securities denominated in grams of gold and they are issued by the RBI on behalf of the government to reduce the demand for physical gold, the sovereign gold bond scheme was launched in November 2015. To buy the gold bonds, the investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates. Minimum permissible investment will be 1 gram of gold. The maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) year. Sovereign Gold Bonds 2023-24 (Series II) will be opened for subscription during the period September 11-15, 2023. The issue price of the Bond during the subscription period shall be Rs. 5,923.
Despite a decrease in agriculture exports, which position did India retain in global agriculture exports in 2023 according to the WTO?
BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the_______________________, based on the Unified Payments Interface (UPI).
Dubai opened the 'Infinity Bridge' for traffic for the first time. Why the bridge is named 'Infinity Bridge'?
What is the purpose of observing Swachhata Pakhwada in the Ministry of Railways?
The PM PRANAM scheme is associated with which sector?
Who was the Chairman of Hinduja Group and recently passed away in London?
Who is the first Indian swordsman to win a medal in the Asian Championships?
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?
Which country won the Men’s Hockey World Cup 2023 title?
Which of the following statements is TRUE regarding the RBI's Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs) effective from...
