The government of India, in consultation with the Reserve Bank of India, issues Sovereign Gold Bond. The Maximum limit of investment for an individual in Sovereign Gold Bond Scheme 2018-19-Series-I is fixed at:
The government of India, in consultation with the Reserve Bank of India, issues Sovereign Gold Bond. The Maximum limit of investment for an individual in Sovereign Gold Bond Scheme 2018-19-Series-I is fixed at:
1). 2 kg
2). 4 kg
3). 10 kg
4). 20 kg
1 answers
The government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bond, 2018-19-Series-I.
- It was issued by RBI on behalf of the Government of India.
- The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities, and Charitable Institutions.
- The maximum limit of subscribed shall be 4 KG for an individual, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for trusts.
- The minimum permissible investment will be 1 gram of gold.
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