[ad_1] The Narendra government is likely to discontinue the Sovereign Gold Bond (SGB) scheme, with a final decision expected in September, sources privy to the developments told CNBC-TV18. The decision on the scheme’s fate is expected to align with the Reserve Bank of India’s borrowing meeting scheduled for September 2024. The Sovereign Gold Bond scheme […]
Investors set to receive 12% returns on Sovereign Gold Bonds maturing on August 5, 2024 – CNBC TV18
[ad_1] The next tranche of Sovereign Gold Bond (SGB) scheme is set for redemption on August 5, 2024. These bonds, launched on August 5, 2016, have an eight-year holding period. Purchased at ₹3,119 per gram, they offer substantial returns to investors. Out of the 2.6 tons initially bought, 225.322 kg were redeemed after five years, leaving […]