Question

Which of the following Statements regarding the Sovereign Gold Bond Scheme is/are True? (

Q: Answer-Which of the following Statements regarding the Sovereign Gold Bond Scheme is/are True? (I) The upp...

The upper limit for retail individual investors and HUFs is 4 kilograms 4,000 units each per financial year. For trusts and similar entities, an upper limit of 20 kilograms per financial year is applicable. Minimum permissible investment is 1 gram of gold. The gold bonds come with a maturity period of eight years, with an option to exit the investment after the first five years. Interest Rate A fixed rate of 2.5 per annum is applicable on the scheme, payable semi-annually. A minor can invest in SGB. The application on behalf of the minor has to be made by hisher guardian.

I The upper limit for retail (individual) investors and HUFs is 12 kilograms each per financial year. (I
I A lady can buy SGB in the name of her minor daughter in May 2017 series. (II
I Minimum permissible investment is 1 gram of gold.