Sovereign Gold Bonds : Benefits
- Gold Bond can be in demat form
- No hassles of dealing with physical gold
- No capital gains tax on redemption
- Discount for online investors
- Can be used as collateral for loans
Sovereign Gold Bonds : Features
Minimum and maximum investment:
The minimum investment that can be made in this bond is 1 gram. Each individual or HUF can hold a maximum of 4 kgs every year in such bonds. For trusts, charitable institutions, the maximum limit is 20 kgs.
Fixed interest rate:
Interest will be earned on the Sovereign Gold Bonds at the rate of 2.5% annually, paid semi-annually.
Transparency in prices:
The prices of the gold bond are transparent since they are linked to the price of gold in the market.
Exit option:
There is an exit option for investors after the 5th year of the date of issue of the Bond. Repayments will be done on the next interest payment date.
Joint holders and nominees permitted:
The sovereign gold bond offers joint holders and nominees to the investors.
Bonds traded on the stock exchange:
Bonds held in demat form will be eligible to be traded on the stock exchanges.
Mode of payment
Cash, demand draft, cheques, internet banking/bob World are acceptable modes of payment for the sovereign gold bond scheme, India. However, cash is only accepted up to Rs. 20,000.
Sovereign Gold Bond Scheme 2023-24 (Series-I) 19th June 2023 to 23rd June, 2023.
The issue price for SGB-Series-2023-24-Series-I is Rs 5,926/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 5,876- per gram.
Mode of Subscription
- Offline through branch
- Online through BOB WORLD or BOB WORLD Internet
Sovereign Gold Bond Scheme 2023-24 (Series-II) 11th September 2023 to 15th September , 2023.
The issue price for SGB-Series-2023-24-Series-II is Rs 5,923/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 5,873)- per gram.
Sovereign Gold Bond 2023-24 Series- I, II
The schedule of Sovereign Gold Bonds 2023-24 Tranche I, II as announced by Reserve Bank of India is specified as under, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified below.
| S. No | Tranche | Date of Subscription | Date of Issuance |
|---|---|---|---|
| 1 | 2023-24 Series I | June 19-June 23,2023 | June 27, 2023 |
| 2 | 2023-24 Series II | September 11- September 15, 2023 | 20 September ,2023 |
Mode of Subscription
- Offline through branch
- Online through BOB WORLD ( Mobile Banking) or BOB WORLD Internet (Internet Banking) offering discount of Rs. 50/- per gram less than the nominal value for the investors applying online
Sovereign Gold Bond Scheme 2023-24 (Series-III) 18th December 2023 to 22nd December, 2023.
The issue price for SGB-Series-2023-24-Series-III is Rs 6,199/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 6,149/- per gram.
Sovereign Gold Bond Scheme 2023-24, Series-IV will start from 12 February 2024 to 16 February 2024
The issue price for SGB-2023-24 Series-IV is Rs 6,263/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 6,213/- per gram.
Sovereign Gold Bond 2023-24 Series- III, IV
The schedule of Sovereign Gold Bonds 2023-24 Tranche III, IV as announced by Reserve Bank of India is specified as under, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified below.
| No. | Tranche | Date of Subscription | Date of Issuance |
|---|---|---|---|
| 3 | 2023-24 Series III | December 18 – December 22, 2023 | 28-Dec-23 |
| 4 | 2023-24 Series IV | February 12 – February 16, 2024 | 21-Feb-24 |