The government launched the Sovereign Gold Bond Scheme FY 19. Which of the following interest rates does the scheme offer?

Options

A. 0.05
B. `1.5%`
C. `7.5%`
D. `2.5%`

Answer

D

Explanation

Government has launched the sovereign gold Bond scheme FY 19 to cut down gold imports and lower the current account deficit. The scheme offers of 2.5 % interest rate and capital gains tax exemption on redemption.