Sovereign Gold Bond Series IV: Next Issue Date, Price, Interest Rate

Sovereign Gold Bonds

Anybody residing in India as defined under the Foreign Exchange Management Act of 1999 is eligible to invest in SGBs. That includes individuals, Hindu Undivided Families, trusts, universities, and charitable institutions.

Sovereign Gold Bond Series IV

Sovereign Gold Bond 2023-24 series IV will be open from 12 to 16 February 2024 to distance period 5 days.
The price of the relationship will be the announced by the Reserve bank of India (RBI) as soon as possible. SGBs in 2024 are government securities that represent a certain amount of gold.
Under those circumstances investors need to pay the issue price in cash as well as bonds will be saved for cash when they mature.

At the same time as investing in the Sovereign Gold Bond Scheme, make payments using cash up to Rs. 20,000, cheques, as well as electronic fund transfers.
For the most part membership for the previous tranche of the SGBs 2023-24 Series III was available from December 18 to December 22, 2023.

Invest in SGBs

How to invest in SGBs: – Sovereign Gold Bonds are available for purchase through various channels as well as including nationalized banks, scheduled private banks, foreign banks, another way Stock Holding Corporation of India Ltd and authorized stock exchanges.

Sovereign Gold Bond Price History:

The price history of SGB for FY 2023-24 is as follows:

The price history of SGB for FY 2022-23 is as follows:

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How to Invest in SGBs online?

In the meantime buying SGBs through online channels offers a convenient and efficient method for investing in gold.

• The first is logging into their respective internet banking account.
• The second is navigate to the main menu like choose e-service and click on SGB.
• On the other hand, new customers who click on Register Read acknowledge the terms and conditions set by the RBI before proceeding.
• According to information, input all necessary details related to the SGB scheme and provide as well as information about the depository participant from CDSL or NSDL, depending on the hosting of your account.
• Complete the consent of the online registration form.
• The next step is input the long of subscription quantity and nominee details.
• At the end entering the one time password is the called OTP sent to your registered mobile number.

SGBs Interest Rates

A fixed interest rate of 2.50% annually is available on the original investment amount of Sovereign Gold Bonds (SGBs). Semi-annually, the interest is credited to the investor’s bank account, and the principal amount invested plus the final interest payment are made at maturity.

How Can I Verify the Status of Sovereign Gold Bonds?

Following the SGB issuance, the Sovereign Gold Bond you bought online with a Demat account will show up in your portfolio. If the purchase was made offline, the SGB certificate of holding can be picked up at the issuing bank, designated stock exchanges, post offices, SHCIL offices, or agents. The digital copy of the holding certificate will be mailed by the RBI to the email address provided on the application.

Conclusion

All things considered Taazabytes the opening date for Sovereign Gold Bonds 2023-24 Series IV is set for February 12. It will be open from February 12 to February 16, 2024, for a period of five days. The issuance is the scheduled for February 21, 2024.