New Delhi: The government has declared that the second series of the Sovereign Gold Bond Scheme for the ongoing financial will open for membership on August 22, and the issue cost is Rs 5,197 for every gram.
The intriguing part of the plan is that in the event that investors apply and pay for it online, Reserve Bank of India (RBI) is offering Rs 50 for each gram rebate. The application for gold bonds will be open till August 26, the national bank said.
The plan is legitimate for a time of eight years and it conveys a choice of untimely recovery after the fifth year. This choice can be profited on the date when interest is payable.
These gold bonds are given by RBI for the Government. These are accessible for people, beneficent foundations, trusts and Hindu Undivided Families (HUFs). The most extreme admissible membership limit for people and HUFs would be 4 kg, while it would be 20 kg for trusts each monetary year as told by the Government intermittently.
The base permitted speculation limit is one gram of gold, a proclamation gave by the Finance Ministry said.
