Sovereign gold bond online subscription
The new series of the Sovereign Gold Bond (SGB) Scheme opened for subscription on Monday. This is the third tranche in FY20 and the subscription closes on August 9. "The issue price of the Bond during this subscription period shall be Rs 3,499 per gramme Sovereign Gold Bonds as Collateral for Loans. Sovereign Gold Bonds are eligible to be used as collateral for loans from banks, financial institutions and non-banking financial companies (NBFC). The loan to value ratio will be the same as applicable to ordinary gold loans prescribed by RBI from time to time. However, granting loan against SGBs would be subject to the decision.