Sovereign Gold Bond Scheme – an investment scheme where investors could buy gold in the form of Gold Bonds from Government of India.
The bonds would be denominated in grams of gold and can be bought by paying in rupees.
The bond will have denominations of 5, 10, 50, 100 grams of gold.
The bonds will be backed by Government of India against default
Only resident Indians would be able to invest. NRI would not be eligible to invest.
The bonds would be distributed/sold by Banks, Post Offices, NBFCs and other intermediaries.
RBI (Reserve Bank of India) would issue these bonds on behalf of Government of India.
http://apnaplan.com/gold-bond-scheme/
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