Section 13 in The Sovereign Gold Bond Scheme, 2016
13. Loan against Bonds.
(1)The Gold Bonds under this Scheme may be used as collateral security for any loan.(2)The Loan to Value ratio as applicable to any ordinary gold loan mandated by the Reserve Bank of India shall also apply to the Gold Bond under this Scheme.(3)The lien on the bond shall be marked in the depository by the authorised banks.
