With reference to ‘Sovereign Gold Bonds’, consider following statements

1. These are issued by the Government of India.
2. The Bonds are restricted for sale only to resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions.
3. These can be bought from small finance banks and payment banks.

Select the incorrect statement.

• Sovereign Gold Bonds are issued by the Reserve Bank of India on behalf of the Government of India. Hence, statement 1st is incorrect.
• The Bonds are restricted for sale only to resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions. Hence, statement 2nd is correct.
• Investors can buy these bonds through designated scheduled commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited, and designated post offices. One can also buy these bonds through National Stock Exchange of India Limited and Bombay Stock Exchange (BSE) Limited. Hence, statement 3rd is incorrect.

By: Shubham Tiwari