Government raises gold bond investment limit
Government has raised the annual investment limit in Sovereign Gold Bonds (‘SGBs’) to 4 kg per individual from 500 gm for Hindu Undivided Family (‘HUF’) and 20 kg for trusts and similar entities. This ceiling will be counted on financial year basis and will include SGBs purchased during trading in the secondary market and ceiling on investment will not include the holding kept as collateral by banks and financial institutions. SGBs will be available ‘on tap’ based on the consultation with NSE, BSE, banks and department of Post.
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