Question
Consider the following statements in regards to Sovereign Gold Bonds 2023-24 (Series I
- I :
- I It will be opened for subscription during the period September 11-15, 2023 I
- I The issue price of the Bond during the subscription period shall be Rs. 5,923. II
- I RBI has decided to allow a discount of Rs. 500 per gram from the issue price to those investors who apply online & digital payment. Which of the following statements is/are correct?
Solution
Sovereign Gold Bonds 2023-24 (Series II) will be opened for subscription during the period September 11-15, 2023. The issue price of the Bond during the subscription period shall be Rs. 5,923. The Government of India in consultation with the Reserve Bank of India has decided to allow a discount of Rs. 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs. 5,873.
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