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Sovereign Gold Bond Scheme | How to Buy, Benefits: Sovereign Gold Bond Scheme is announced by the Government of India in November 2015 in a series manner. This will be checked and notified in a time-to-time manner by the RBI. For Series 4, the Subscription can be performed from the 6th to the 10th of March 2023. And the date of issuance is 14th March 2023.
The government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs. 50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. RBI instructs every applicant to hold a PAN card which was issued by the Income Tax Department. The scheme was updated on 4th February 2019. The benefit under the Sovereign Gold Bond Scheme, by the RBI, is the bonds will be held in the books in the RBI or a demand form which eliminates the risk of loss of the script, etc.
Sovereign Gold Bond Scheme – Overview
| Name of the Scheme | Sovereign Gold Bond Scheme |
| Announced by | Government of India |
| Announced on | November 2015 |
| Category | Govt Schemes |
| Mode of Application | Offline/ Online |
| Scheme Management is done by | RBI |
| Official Site | rbi.org.in |
SGB Scheme Important Dates
| No | Tranche | Date of Subscription | Date of Issuance |
|---|---|---|---|
| 1. | 2022-23 Series IV | March 06 –March 10, 2023 | March 14, 2023 |
Sovereign Gold Bond Scheme Eligibility Criteria
- The applicant must be a major according to their age.
- The Aspirant must be the native member of India under the Act of Foreign Exchange Management.
- Individual investors with subsequent change in residential status from resident to non-resident may continue to hold SGB till early redemption/maturity.
- Joint holding will be allowed for this SGB scheme.
Sovereign Gold Bond Scheme – Important Key Points
- Minimum investment starts from one gram.
- The maximum investment will be 4kg per individual.
- 20kgs will be a maximum investment for the trusts and the similar kind of entities.
- An investment candidate or the trust member can buy the 4kg/20kg worth of the gold every year.
- The bonds will be at a rate of 2.50 percent per annum which is a fixed rate.
Document Required For Sovereign Gold Bond Scheme
- Aadhar Card
- Bank Passbook
- Holding Certificate
How to Apply for Sovereign Gold Bond Scheme through Offline?
- Visit the official site of the Sovereign Gold Bond Scheme.
- Click on the link specified for the application form of SGB – Click Here
- Download the Application Form and Take a copy.
- Now, fill the application form carefully and attach the required documents with the Application Form.
- Attach the Holding Certificate along with the application form.
- Submit the application form at the nearest bank.
For Holding Certificate Form – Click Here
Note: While applying through Online process, the price of the Gold Bonds will be reduced by Rs.50/- per each gram.
| SGB Scheme – Important Links | |
| To check Sovereign Gold Bond Scheme Details | Click Here (Available) |
If you want to get more details on Sovereign Gold Bond Scheme, you can visit our portal Freshers Now.