Can I avail a loan against sovereign gold bonds that I hold?

Yes, these securities can be used as collateral for loans from banks, financial institutions, and Non-Banking Financial Companies (NBFCs).The loan-to-value ratio will be the same as one that is applicable to ordinary gold loans prescribed by the RBI periodically. Granting loan against SGBs would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right.

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