New Delhi: Subscriptions for the third tranche of the Sovereign Gold Bond scheme, SGB 2023-24 Series III, are now being accepted through December 22. The most recent batch of gold bonds will be issued at a fixed price of Rs 6,199 per gram by the Reserve Bank of India (RBI).
India has a long history of loving yellow metal, and gold is seen as an inflation hedge. ()
The Sovereign Gold Bond scheme gives a wonderful chance for people who are apprehensive about buying real gold since apart from safety issues the investors get reimbursed at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value. ()
– Access your net banking account.
– Navigate to the ‘e-Service’ section in the main menu and select ‘Sovereign Gold Bond.’
Choose ‘terms and conditions’ and proceed by clicking on ‘proceed.’
Fill out the one-time registration form.
Choose the Depository participant, either NSDL or CDSL, where your demat account is located.
Click on ‘submit’ after filling in the required details.
Enter the subscription quantity and nominee details in the purchase form.
Click ‘submit’ to finalize the purchase.
Enter the OTP sent to your mobile phone to authenticate and complete the process.
– Commercial Banks
– Utilize net banking services to invest in SGBs online.
– Use your bank’s mobile application for convenient SGB investments.
– Visit a bank branch or designated post office.
– Fill out the form, provide units, and submit it with a Cheque or DD.
– Attach your Aadhaar Card and PAN card.
– Explore the option of purchasing SGBs through the RBI Retail Direct website.
– Investors can buy gold bonds through SHCIL.
– Explore the possibility of purchasing gold bonds from recognised stock exchanges.
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