2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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October
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November
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September
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December
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Detailed explanation-1: -Sovereign Gold Bond Scheme 2018-19. Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds-2018-19. The Sovereign Gold Bonds will be issued every month from October 2018 to February 2019 as per the calendar specified below: S.
Detailed explanation-2: -4(6)-B(W&M)/2022 and RBI press release dated December 15, 2022, the Sovereign Gold Bond Scheme 2022-23-Series III will be open for subscription during December 19 – 23, 2022.
Detailed explanation-3: -Details of Sovereign Gold Bond 2018-19-Series I: Issue Price: Rs. 3064/-( Nominal Value : Rs 3114/-Less Additional Discount of Rs 50/-for online application) Coupon rate: 2.5% per annum which will be paid semi–annually.
Detailed explanation-4: -The issuance of gold bonds is usually announced through a press release from the Government every 2 or 3 months with a window of one week when investors can subscribe to these schemes. These Sovereign Gold Bonds have a maturity period of 8 years, but an investor can choose to exit after 5 years is done.
Detailed explanation-5: -The lock-in period in SGB is a five year lock in for liquidity offered by the government for the gold bonds. In addition, there is an SGB lock-in period of 8 years before the capital gains from the gold bonds can be treated as exempt from tax.