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    Question

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

    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

    ┬а 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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