The Ministry of Finance launched the Sovereign Gold Bond Scheme with an aim to provide investors with an alternative to physical gold. The scheme offers a number of benefits, including earning interest on the bonds, using them as collateral for loans, and trading them on stock exchanges. However, there are certain features that define the structure and benefits of these bonds. Which of the following is NOT a feature of the Sovereign Gold Bond Scheme?
1
Bonds are issued by the RBI
2
Investors can earn an interest of 2.50% per annum
3
Bonds can be used as collateral for loans
4
Bonds have a maturity period of 5 years
5
None of the above