Sovereign Gold Bond: Interest Rate Lowered to 2.5%pa
The Reserve Bank of India (RBI) had fixed the issue price of sovereign gold bonds (SGB) at Rs2,957/gram (gm) for the sixth tranche of subscription (from 24th October to 2nd November). It was touted as the lowest subscription price in the current financial year, i.e., 2016-17. To make the scheme attractive, government decided to offer Rs50/gm discount (Rs3,007 minus Rs50 = Rs2,957) which is...
Archived Premium Content
This article is outside your subscription period. You can buy this article individually.
SINGLE ARTICLE
Rs 50-Rs 100 + GST
Access will be given ONLY to this article.
 
Already a subscriber ? Log in
Free Helpline
Legal Credit
Feedback