What is the minimum and maximum limit for investment?
The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March).
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What is the maximum amount that client can transfer to Investment Account?
If client is investing from India, under RBI's Liberalized Remittance Scheme (LRS) clients are allowed to invest up to $250,000 every year
What does Limit Order mean ?
A ‘LIMIT’ order is an order to buy or sell a security at a specific price.
What is the maximum time allowed to keep an NCD open?
The maturity period for an NCD depends upon issuance of the debenture e.g. 3 years, 5 years, 10 years etc. The maturity of NCD can’t be extended beyond issuance of the debenture. This gives you flexibility to choose a fixed income between short and ...
Is client investment account protected?
client's investing account is created with our U.S. brokerage partner Drive Wealth. Drive Wealth LLC, a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for client's securities account. In the event that ...
Who will determine the value of investment in BSDA?
SEBI has assigned DPs to determine the value of holding on the basis of the daily closing price or NAV (net asset value) of the securities or units of mutual funds. If the value of your holdings exceeds the slabs mentioned above, DP’s are permitted ...