What is the minimum and maximum limit for investment when applying for Sovereign Gold Bonds?
The Bonds are issued in denominations of one gram of gold and in multiples thereof.
The minimum investment in SGBs shall be one gram. The maximum limit of subscription depends on the category of investor and are as follows:
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4 Kgs for an individual
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4 Kgs for a Hindu Undivided Family (HUF)
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20 Kgs for trusts and similar entities notified by the government from time to time per fiscal year (April – March).
In the case of joint holding, the limit applies to the first applicant. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the government and those purchased from the secondary market. The ceiling on investment will not include the holdings as collateral by banks and other Financial Institutions.