Question : What is the rate of interest paid on the bonds issued under the Sovereign Gold Bond scheme of the Reserve Bank of India?
Option 1: 4% per annum
Option 2: 2.50% per annum
Option 3: 3% per annum
Option 4: 3.50% per annum
Correct Answer: 2.50% per annum
Solution : The correct answer is 2.50% per annum .
The bonds have an annual interest rate of 2.50% (fixed rate) based on the initial investment amount. The investor's bank account will receive interest credits every six months, with the final interest payment due along with the principal at maturity.
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