Which of the following statements is/are correct with reference to the Sovereign Gold Bonds scheme 2021-22?
A. The minimum permissible investment will be one gram of gold.
B. 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.
C. Both A & B
D. None of these
Explanation:
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021. The minimum permissible investment will be one gram of gold. Investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value. 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.
