In a notification issued on 16 September 2013, the Reserve Bank of India laid down that where the gold jewellery pledged by a borrower at any one time or cumulatively on loan outstanding is more than _____, NBFCs must keep record of the verification of the ownership of the jewellery.

A

2 grams

B

8 grams

C

16 grams

D

20 grams

E

24 grams