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Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.
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Although rare, if so: You can directly mail us at [email protected] and we will resolve your issue.
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Tags: Economy/Finance
The first tranche of Sovereign Gold Bond or SGB scheme for the 2022-23 financial year opened for subscription on 20 June 2022. The issue price has been fixed at ₹5,091 per gram of gold.
Why was it launched
The Sovereign Gold Bond scheme was launched by the RBI in 2015. The objective of this scheme was to encourage people not to invest in gold as money invested in gold is considered as unproductive investment.
Instead people were encouraged to buy sovereign gold bonds.
The repayment on the bond was guaranteed by the Government of India and people would also be able to earn extra interest on it.
The money collected in this way will be used by the government for investment in those areas of the economy, which will lead to economic development of the country.
Features of the Sovereign Gold Bond
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