Finance Ministry announces fresh tranche of gold bonds

The Finance Ministry announced the sixth tranche of sovereign gold bonds. The duration of the bond will be for a period of eight years with exit option from the fifth year to be exercised on the interest payment dates.

The tenor of the bond will be for a period of eight years with exit option from the fifth year to be exercised on the interest payment dates. Minimum investment of one gram will be allowed while the maximum will be 500 gram per person per fiscal year.

So let’s discuss some questions related to this post:
Q1. What is the minimum and maximum limit for investment in sovereign gold bonds?
Source -The Hindu

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