Sovereign Gold Bond 2024 Opens Today: Step By Step Guide To Buy SGBs Online
Sovereign Gold Bond 2024 Opens Today: Step By Step Guide To Buy SGBs Online (image source: iStock)
SGB 2023-24 Series 4 Subscription Window Opening DateSovereign Gold Bonds Series IV opens today for subscription i.e. on Monday, February 12, 2024.
SGB 2023-24 Series 4 Subscription Closing DateSovereign 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 IssuanceThe Sovereign Gold Bonds Series IV issuance date is fixed on Thursday, February 21, 2024.
SGB 2023-24 Series 4 Issue PriceSGB 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.
SGB 2023-24 Series 4 DiscountInvestors 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.
SGB 2023-24 Series 4 Eligibility: Who Can Apply?Residents of India, as per the definition outlined in the Foreign Exchange Management Act, of 1999, are eligible to invest in Sovereign Gold Bonds (SGBs). This category includes individuals, Hindu Undivided Families (HUFs), trusts, universities, and charitable institutions, allowing a diverse range of entities to participate in SGB investments.
SGB 2023-24 Series 4 Interest RateInvestors can benefit a consistent fixed interest rate of 2.5 per cent per annum for the current series. This interest is paid semi-annually on the nominal value of the Sovereign Gold Bonds. The fixed interest earned remains unaffected by the capital appreciation of Gold Bonds, offering stability and predictability to investors.
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 OnlineStep 1: Log on to your net banking account.
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