............Experts also believe that CPI-linked bonds will not be able to wean people off gold. For, the product will face stiff operational challenges. If banks are not offered adequate incentives, it is likely that the CPI-linked IIBs may well go the National Pension System or NPS way, a failure. Other procedural hassles like the need to open a bond ledger account and pay fine for early redemptions, could work against CPI-linked IIBs.
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