Last chance to invest in SGB for this FY: When is the last date to invest in Sovereign Gold Bonds 2023-24 - Series IV
The Sovereign Gold Bond Scheme 2023-24 - Series IV issued by the Reserve Bank on behalf of the Government of India opened for subscription from February 12, 2024."In terms of Government of India Notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated December 08, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series IV will be open for subscription during February 12–16, 2024. The nominal value of the bond based 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. 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," stated an RBI press release dated February 9. 2024.
Sovereign Gold Bonds 2023-24 Series IV opens on February 12: Know the latest SGB tranche issue price
What is the last date to invest in SGB Series IV 2023-24
This is the final tranche of this fiscal year; the deadline to invest in SGB Series IV 2023-24 is February 16, 2024. .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:10px;font-weight:500;line-height:18px;} #sr_widget .sr_desc{margin:0 auto 0;} #sr_widget .sr_desc{color: #024d99;}Investors looking for twin engines of quality and growth.
SGB 2023-24 Series IV issue price
The issue price of the SGB 2023-24 Series IV is Rs 6,263. For online payments, Rs 50 will be deducted, bringing the issue price to Rs 6,213.
Also read: Sovereign Gold Bonds 2023-24 Series-IV tranche: Benefits, features of SGB
SGB interest rate
The investor receives a fixed interest rate of 2.5%. per annum for the current series payable semi-annually on the nominal value. The fixed interest earned is independent of the capital appreciation of Gold Bonds.
Where to buy SGB
Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices as may be notified and recognised stock exchanges viz., National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd, either directly or through agents.
How to buy SGB online via SBI net banking
How to register for Sovereign Gold Bond (SGB)Step 1: Login SBI Net Banking using credentials
Step 2: Click on ‘e-Service’ from main menu
Step 3: Click on ‘ Sovereign Gold Bond Scheme’
Step 4: You must register if you are a first-time investor. Select 'Register,' from header tab then 'Terms and Conditions,' then 'Proceed.'
Step 5: Enter all your details that are not auto-filled. Add nomination and other details.
Step 6: Choose the Depository participant from NSDL or CDSL where your demat account is held.
Step 7: Enter DP ID, Client ID and click ‘Submit’ tab
Step 8: Confirm the details and click ‘ Submit’ tab
How to buy Sovereign Gold Bond scheme through SBI
Step 1: Login SBI Net Banking using credentialsStep 2: Click on ‘e-Service’ from main menu
Step 3: Click on ‘Sovereign Gold Bond Scheme’
Step 4: Select 'Purchase,' from header tab
Step 5: Select the tab ‘Terms and Conditions’ tab and Click ‘Proceed’
Step 6: Enter ‘Subscription quantity’, nominee details
Step 7: Click on ‘Submit’
Step 8: Enter your OTP and click ‘Confirm’
In a new page you will find all the details of your SGB investments.
This story originally appeared on: India Times - Author:Faqs of Insurances
