Which bourse (also Asias oldest) has received RBI approval to start online bidding platform for Sovereign Gold Bond scheme

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bourse (also Asia’s oldest) has received RBI approval to start online bidding platform for Sovereign Gold Bond scheme

A	BSE
B	NSE
C	CSE
D	MSE

Explanation:

Detailed explanation-1: -Gold bonds are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bond is issued by the RBI on behalf of the government.

Detailed explanation-2: -In terms of Government of India Notification No. 4(6)-B(W&M)/2022 dated December 15, 2022, Sovereign Gold Bonds 2022-23 (Series III) will be opened for subscription during the period December 19-23, 2022 with Settlement date December 27, 2022.

Detailed explanation-3: -Can I apply online? Yes. A customer can apply online through the website of the listed scheduled commercial banks. The issue price of the Gold Bonds will be ₹ 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

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