RBI Update: Sovereign Gold Bond (SGB) Scheme 2023-24

Government of India, vide its Notification dated June 14, 2023, has announced Sovereign Gold Bond Scheme 2023-24. Under the Scheme, there will be a distinct series (starting from series I) which will be indicated on the Bond issued to the investor.

Date of Issue

The bonds shall be issued as per the details given below:

S. No.TrancheDate of SubscriptionDate of Issuance
1.2023-24 Series IJune 19 – June 23, 2023June 27, 2023
2.2023-24 Series IISeptember 11 – September 15, 2023September 20, 2023

Period of subscription

Subscription for the Gold Bonds under the 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

Subscription for the Bonds may be made in the prescribed application form Form A or in any other form. The Receiving Office shall issue an acknowledgment receipt in Form B to the applicant.

All online applications should be accompanied by email Id of the investor/s which should be uploaded on the Ekuber portal of the Reserve Bank of India along with the subscription details.

Link: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12517&Mode=0

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