RBI vide its Circular dated 16th December, 2022 announced Series III and IV of Sovereign Gold Bond Scheme 2022-23 vide its Notification No F.No4.(6)-B (W&M)/2022 dated December 15, 2022, there will be a distinct series (Series III and IV) for every tranche. The terms and conditions of the issuance of the Bonds shall be as per the above notification.
| Date of Issue The bonds shall be issued as per the details given below: S. No. Tranche Date of Subscription Date of Issuance 1. 2022-23 Series III December 19 – December 23, 2022 December 27, 2022 2. 2022-23 Series IV March 06 – March 10, 2023 March 14, 2023 Period of subscription The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above. Application In Form A, application shall be made for subscription for the bonds by stating clearly the grams (in units) of gold and the full name and address of the applicant and must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers and shall issue an acknowledgment receipt in Form B to the applicant. Further, all online applications should be accompanied by email Id of the investor/s which should be uploaded on the Ekuber portal of Reserve Bank of India along with the subscription details. Reserve Bank of India has issued Consolidated Procedural Guidelines vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021 (updated as on October 04, 2022), the Receiving Offices shall be guided by these instructions while dealing with all the procedural aspects and providing service to the investors with a view to facilitate availability of all current operative instructions regarding servicing of these bonds at one place. |
This Circular is applicable to Scheduled Commercial Banks (as per the list attached), Designated Post Offices (as per the list attached), Stock Holding Corporation of India Ltd.
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd,
Clearing Corporation of India Ltd and shall come into force with immediate effect.
About the Author
