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    Question

    Sovereign Gold Bond Scheme is launched by GoI in 2015,

    What is the annual interest rate paid on initial investment in this scheme ?
    A 5 % Correct Answer Incorrect Answer
    B 4 % Correct Answer Incorrect Answer
    C 3 % Correct Answer Incorrect Answer
    D 2.5 % Correct Answer Incorrect Answer
    E 2 % Correct Answer Incorrect Answer

    Solution

    The Bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

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