Question

    What is the earliest allowed period for premature

    redemption of Sovereign Gold Bonds?
    A After 3 years Correct Answer Incorrect Answer
    B After 4 years Correct Answer Incorrect Answer
    C After 5 years Correct Answer Incorrect Answer
    D After 6 years Correct Answer Incorrect Answer
    E After 7 years Correct Answer Incorrect Answer

    Solution

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

    Practice Next