What is the tenor of the Sovereign Gold Bond (SGB) bond,

Q: Answer-What is the tenor of the Sovereign Gold Bond (SGB) bond, and when is early encashment/redemption all...

The tenor of the SGB bond is 8 years, and early encashmentredemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates.

and when is early encashment/redemption allowed?

A 5 years, allowed after the third year Correct Answer Incorrect Answer

B 8 years, allowed after the fifth year Correct Answer Incorrect Answer

C 10 years, allowed after the seventh year Correct Answer Incorrect Answer

D 8 years, allowed after the fourth year Correct Answer Incorrect Answer

E None of these Correct Answer Incorrect Answer

Solution

The tenor of the SGB bond is 8 years, and early encashment/redemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates.

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