Sovereign Gold Bond scheme opens for subscription. Check details here

Sovereign Gold Bonds

SGBs, or Sovereign Gold Bonds, are issued by the Reserve Bank of India (RBI) on behalf of the Centre as an alternative to buying physical gold. 

Sovereign Gold Bonds:
Series IV launched

The subscription to SGB Series IV 2022-23 will be open between March 6 and March 10.

Sovereign Gold Bonds:
Issue price

The issue price of SGB Series IV 2022-23 has been fixed at Rs 5,611 per gram of gold.

SGBs: Interest rate

The interest rate offered on these bonds is 2.5 per cent per annum on the amount of initial investment that investors pay to buy the bond.

SGBs: Returns at maturity

At the time of maturity, the gold value at current market prices is returned along with the interest income.

Sovereign Gold Bonds:

Sovereign Gold Bonds are one of the cheapest ways of buying gold as there is no GST and other charges added to the issue price.

SGBs: Minimum limit of subscription

Investors should buy a minimum of one gram of gold to invest in the SGB scheme. 

SGB: Maximum limit
of subscription 

The maximum limit of subscription is 4 kg for individuals, 4 kg for Hindu Undivided Families (HUF). For trusts and similar entities, the maximum limit is 20 kg this fiscal.

Sovereign Gold Bonds:
Lock-in period

The lock-in period for SGB is 8 years. There is an exit option available in the fifth year.

Sovereign Gold Bonds:
Where to buy

Investors can buy Sovereign Gold Bonds from authorised post offices, Scheduled Commercial Banks, Stock Holding Corporation of India, Clearing Corporation of India, and stock exchanges NSE and BSE.   

Sovereign Gold Bonds:
Online purchase

Subscribers can get a discount if they apply online and make digital payments. They can avail themselves of Rs 50 per gram discount on the bond.

Sovereign Gold Bonds:
After discount

Subscribers applying online and buying one gram of gold through SGB can buy it for Rs 5,561 through UPI or other digital payment modes instead for Rs 5,611.

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