{"id":86511,"date":"2020-04-17T02:01:15","date_gmt":"2020-04-16T20:31:15","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=14860"},"modified":"2020-04-17T02:01:15","modified_gmt":"2020-04-16T20:31:15","slug":"sovereign-gold-bond-scheme-2","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/sovereign-gold-bond-scheme-2\/","title":{"rendered":"Sovereign Gold Bond Scheme"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Government of India in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Sovereign Gold Bond Scheme was introduced in 2015.They are government securities denominated in grams of gold.<\/li><li><strong>Aim: <\/strong>To reduce the demand for physical gold and shift a part of the domestic savings used for the purchase of gold into financial savings.<\/li><li><strong>Issuance: <\/strong>Reserve Bank India on behalf of the Government of India.<\/li><li><strong>Eligibility: <\/strong>Restricted for sale to resident entities including individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions.<\/li><li><strong>Denomination: <\/strong>The bonds will be denominated in multiple grams of gold.The minimum permissible investment will be 1 gram of gold and maximum shall be 4 KG for the individual,HUF and 20 Kg for trusts.<\/li><li><strong>Duration<\/strong>: The time period of the Bond will be for a period of 8 years with exit option after 5th year.<\/li><li><strong>Sales Channel: <\/strong>Bonds will be sold through banks, Stock Holding Corporation, designated post offices and National Stock Exchange of India Limited and Bombay Stock Exchange.<\/li><li><strong>Collateral<\/strong>: Bonds can be used as collateral for loans.<\/li><li><strong>Tradability: <\/strong>Bonds will be tradable on stock exchanges after it has been notified by the RBI.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Government of India in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds. Facts: The Sovereign Gold Bond Scheme was introduced in 2015.They are government securities denominated in grams of gold. Aim: To reduce the demand for physical gold and shift a part of the domestic savings used for&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/sovereign-gold-bond-scheme-2\/\">Continue reading <span class=\"screen-reader-text\">Sovereign Gold Bond Scheme<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3870],"class_list":["post-86511","post","type-post","status-publish","format-standard","hentry","category-economy","tag-sovereign-gold-bond-scheme","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700799915,"cached_date":1702901243},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86511"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86511\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}