Sovereign Gold Bond 2024 Opens Today: Step By Step Guide To Buy SGBs Online
The Subscription Period For The Sovereign Gold Bonds (SGB) 2023–24, Series IV, Commences Today And Ends On February 12, 2024. Examine All The Specifics, Such As The Subscription Opening And Issue Dates, Prices, Discounts, Eligibility, And A Step-By-Step Instruction For Purchasing SDBs Online.
Opening Date Of The SGB 2023–24 Series 4 Subscription Window
The Subscription Period For The Sovereign Gold Bonds Series IV Begins Today, Monday, February 12, 2024.
SGB 2023-24 Series 4 Subscription Closing Date
Sovereign Gold Bonds Series IV Will Be Open For Five Days And The Subscription Window Will Be Closed On Friday I.E. February 16, 2024.
SGB 2023-24 Series 4 Date Of Issuance
The Sovereign Gold Bonds Series IV Issuance Date Is Fixed On Thursday, February 21, 2024.
SGB 2023-24 Series 4 Issue Price
SGB 2023-24 Series IV Issue Is Priced At Rs 6,213/- (Rupees Six Thousand Two Hundred And Thirteen Only) Per Gram Of Gold, According To A RBI Press Release.
“The Nominal Value Of The Bond BRD On The Simple Average Of Closing Price [Published By The India Bullion And Jewellers Association Ltd (IBJA)] For Gold Of 999 Purity Of The Last Three Working Days Of The Week Preceding The Subscription Period, I.E. February 07, February 08 And February 09, 2024 Works Out To Rs 6,263/- (Rupees Six Thousand Two Hundred And Sixty Three Only) Per Gram Of Gold,” The RBI Stated In A Press Release.
SGB 2023-24 Series 4 Discount
Investors Who Register Online And Pay By Digital Means Are Allowed A Rs 50 Discount On SGB 2023-24 Series 4 Bonds By The Reserve Bank Of India (RBI). These Investors Can Purchase The Gold Bonds At An Issue Price Of Rs 6,149 Per One Gram Of Gold.
“Government Of India, In Consultation With The Reserve Bank, Has Decided To Offer A Discount Of Rs 50/- Per Gram Less Than The Nominal Value To Those Investors Applying Online And Making The Payment Against The Application Through Digital Mode. For Such Investors, The Issue Price Of Gold Bond Will Be Rs 6,213/- (Rupees Six Thousand Two Hundred And Thirteen Only) Per Gram Of Gold,” RBI Said In Press Release.
SGB 2023-24 Series 4 Eligibility: Who Can Apply?
Sovereign Gold Bonds (SGBs) Can Be Purchased By Indian Residents, As Defined By The Foreign Exchange Management Act Of 1999. This Category Permits A Wide Range Of Entities To Engage In SGB Investments, Including Individuals, Trusts, Universities, Charity Organizations, And Hindu Undivided Families (Hufs).
SGB 2023-24 Series 4 Interest Rate
For The Present Series, Investors Can Take Advantage Of A Steady Fixed Interest Rate Of 2.5 Percent Annually. On The Sovereign Gold Bonds’ Nominal Value, This Interest Is Paid Every Six Months. Investors Can Expect Stability And Predictability As The Fixed Interest Rate On Gold Bonds Is Not Impacted By The Capital Appreciation Of The Bonds.
SGB 2023-24 Series 4 Minimum And Maximum Limit For Investment?
The SGB 2023-24 Series 4 Issues Bonds In Denominations Of One Gram Of Gold Or More. The Minimum Investment In The Bond Is One Gram, While The Maximum Limit Of Subscription Is 4 Kg For Individuals And Hindu Undivided Family (HUF) And 20 Kg For Trusts And Similar Entities Notified By The Government Per Fiscal Year (April-March).
Where To Buy SGB 2023-24 Series 4?
Sovereign Gold Bonds Can Be Brought Through Various Channels. Investors Can Purchase These Bonds Directly From Banks, Stock Holding Corporation Of India Limited (SHCIL), Designated Post Offices (As May Be Notified), And Recognised Stock Exchanges, Including The National Stock Exchange Of India Ltd And Bombay Stock Exchange Ltd. The Distribution Can Occur Either Through Direct Transactions Or With The Assistance Of Authorized Agents, Ensuring Flexibility And Ease Of Investment.
How To Buy Sovereign Gold Bond Online?
Here’s Step-By-Step Guide To Buy Sovereign Gold Bonds Online
Step 1: Log On To Your Net Banking Account.
Step 2: Navigate To The ‘Eservices’ Section And opt For ‘Sovereign Gold Bond.’
Step 3: Review The Provided Terms And Conditions, And Once Satisfied, Choose The ‘Proceed’ Option.
Step 4: Complete The Registration Form With The Required Details And Click On ‘Submit.’
Step 5: Enter The Subscription Quantity In The Purchase Form, And Provide Relevant Nominee Details.
Step 6: After Furnishing The Necessary Information, Select ‘Submit’ To Proceed With The Purchase.
Source :By TimesNowNews via Dailyhunt