SGBs tranches announced for 2023-24

Jun 15, 2023

gold investmentSGBs tranches announced for 2023-24
Announces June & September tranches!

The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds (SGBs) in tranches as per the calendar specified, 1: 2023-24 Series I announces the date of subscription period is from June 19 & upto June 23, 2023 and its’ Issuance will be on June 27, 2023.

2: 2023-24 Series II announces the date of subscription period is from September 11-September 15, 2023 and its’ Issuance will be on September 20, 2023.

The SGBs will be sold through Scheduled Commercial banks (except Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Sovereign Gold Bond Scheme 2023-24 is to be issued by the Reserve Bank of India on behalf of the Government of India. Minimum permissible investment will be One gram of gold. The maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal year notified by the Government from time to time.

A self-declaration to this effect will be obtained from the investors at the time of making an application for subscription. The annual ceiling will include SGBs subscribed under different tranches, and those purchased from the secondary market, during the fiscal year.

SGBs will be sold through Scheduled Commercial banks (except Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices (as may be notified) and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited, either directly or through agents.

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