Which of the following statements is incorrect regarding Sovereign Gold Bonds?
1
Investment limit per fiscal year is 4 kg for individuals and Hindu Undivided Family (HUF)
2
Investment limit per fiscal year is 20 Kg for Trusts and similar entities notified by the Government from time to time
3
Bond is available both in demat and paper form
4
Total limit is excluding purchase from secondary market
5
Bond can be used as collateral for loans