Sovereign Gold Bonds

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Sovereign Gold Bond Scheme was launched by Govt in November 2015, under Gold Monetisation Scheme. These Bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. The gold in these bonds is sold per unit, with each unit deriving its value from underlying one gram gold of 999 purity. SGBs are easy to purchase and handle because they can be purchased online and held in both physical and dematerialized forms. They come with the tenure of eight years and offer 2.5% P.A. interest rate which is paid semi-annually

Sovereign Gold Bond Scheme 2023-24 Series IV

Issue Opens

12^th February, 2024

Issue Closes

16^th February, 2024

Issuer

Government of India

Issue Price (Online Mode)

6213(Price Per Gram)

Issue Price (Other Mode)

6263(Price Per Gram)

Date of Issuance

21^st February, 2024

Minimum Bid Quantity

1 Gram

Maximum Bid Quantity

4000 Gram

Bond Details

How investment works for Sovereign Gold Bonds?

Download & fill Application form

Click below to download form
Download

Payment

Bank details for making payemnt via RTGS/NEFT/CHEQUE

Bank	Beneficiary Name	A/c No	IFSC Code	MICR No	Bank Address
HDFC Bank	REC Limited-54EC Bonds	00030350000584	HDFC0000003	110240001	G - 3/4 , 19 K G Marg, Surya Kiran Building, New Delhi110001
* Make cheque in favour of "REC Limited-54EC Bonds".

Submit Application

Submit application to nearest RR office or call us on 9350316010 to arrange pickup.
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Call on the mobile number given below for any related help
9350316010

Key Features

The bonds bear an interest at the rate of 2.50% (fixed rate) per annum on the nominal value.
Interest will be credited semi-annually to the investor's account and the last interest will be payable on maturity along with the principal.
Investors will earn returns linked to gold prices.
Bond carry sovereign guarantee both on redemption amount and on the interest.
Minimum investment: 1 gram.

Maximum investment: 4 KGs for individual, 4 KGs for HUF and 20 KGs for trust and similar entities per fiscal (April-March).
Available in DEMAT & PHYSICAL mode only.
Tradable on National Stock Exchange of India Limited.
Issuance through trading members of NSE.

Advantages

Safest: Zero risk of handling physical gold.
Earn Interest: 2.50% assured interest per annum on the issue price.
Tax Benefits: No TDS applicable on interest.
Indexation benefit if bond is transferred before maturity.
Capital gain tax exempt on redemption.
Assurance of Purity: Gold bond prices are linked to price of gold of 999 purity (24 carat) published by IBJA.

Easy Exit Option: The tenor of the bond is for 8 years with an option to redeem from 5th year onwards on the date on which interest is payable.
Traded on Exchange: All earlier issuance of SGB are available for trading on NSE.
Ease of Borrowing Loan: Can be used as collateral for loans.

How to Apply in Sovereign Gold Bonds

Steps 1

Go to the Gold Bonds tab and click on "Invest Now."

Steps 2

Steps 3

Fill in the necessary information in the application form.

Steps 4

Submit the required documents.

Steps 5

Provide your bank details and choose your preferred payment method.

Steps 6

Enter the bid details and provide nominee information.

Steps 7

Double check all the information -for accuracy.

Steps 8

Submit your completed form.

Bid Entry & Modification Timing

On Monday, 12th February, 2024 bid entry shall commence from 09:00 am onwards.
On the last day of bidding period, i.e. Friday, 16th February, 2024 bid entry shall be available till 1:00 pm.

Past Issuances(2021-23)

Sr. No.	Month	Issue price/gram
1	Jan 2021	4950 – 5000
2	Jan 2021	5054 – 5104
3	Feb 2021	4862 – 4912
4	Mar 2021	4612 – 4662
5	May 2021	4727 – 4777
6	May 2021	4792 – 4842
7	May 2021	4839 – 4889
8	July 2021	4757 – 4807
9	Aug 2021	4740 – 4790
10	Oct 2021	4711 – 4761
11	Dec 2021	4741 – 4791
12	Jan 2022	4736 – 4786
13	Feb 2022	5059 – 5109
14	Jun 2022	5041 – 5091
15	Aug 2022	5147 – 5197
16	Dec 2022	5359 – 5409
17	Mar 2023	5561 – 5611
18	June 2023	5876 – 5926
19	September 2023	5873 – 5923
20	December 2023	6149 – 6199

Blogs

7 April, 2023

Why Sovereign Gold Bonds are a Must-Have in Your Portfolio: Unlocking Their Value as an Asset Class

Gold has been a valuable commodity for thousands of years, with a rich history in trade and commerce. It is not only prized for its beauty and rarity but also ...

Authorised Arrangers

RR has been an authorised broker/arranger with Sovereign Gold Bonds since their inception. RR is also among the top mobilizers of Sovereign Gold Bonds in India. We have a pan-India presence through our network and offices.