Section 13 in Sovereign Gold Bond Scheme 2018-19 - Series -I
13. Loan against Bonds.
- (i) The Gold Bonds issued under this Scheme may be used as collateral security for availing any loan.(ii)The Loan to Value ratio, as applicable to any ordinary gold loan mandated by the Reserve Bank of India shall also apply to the Bonds issued under this Scheme.(iii)The lien on the bond shall be marked in the depository by the authorised banks.Note: The loan against SGBs would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right.
