Persons resident in India as defined under Foreign Exchange Management Act 1999 are eligible to inve...........

Current GK (SBI-PO) Banking Awareness

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in Sovereign Gold Bond (SGB). Eligible investors include Individuals, HUFs, trusts, _________________ and charitable institutions.

Leaders

Foreign customers

PSBs

NBFC

Universities

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Explanation:

• Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB.
• Eligible investors include individuals, HUFs, trusts, universities and charitable institutions.
• Individual investors with subsequent change in residential status from resident to non-resident may continue to hold SGB till early redemption/maturity.

Hence option 5 is correct answer.