Opportunity To Buy Sovereign Gold Bond From Today, Reserve Bank is Selling Gold Cheaper Than Market Price

RBI has opened the second installment of Sovereign Gold Bond for subscription from today. Investment can be made online in this gold scheme of RBI.

By Yuva Patrakar Sep 11, 2023, 13:13 IST

SGB Tranche Open For Subscription : RBI has brought a profitable deal for those investing in gold. Actually, RBI has launched the new tranche of Sovereign Gold Bond (SGB). Under which customers can buy gold bonds for 3 days from September 11. The special thing is that this gold can be purchased at a price lower than the market price. And discounts are also being given on making online payment. Let us know how you can buy gold bonds.

The Reserve Bank of India (RBI) has launched the new tranche of Sovereign Gold Bond (SGB). The subscription period for SGB Series II will run from 11-15 September 2023. The price of the bond has been kept at Rs 5,923 per gram. This price has been decided on the basis of bullion market of 6-7 September. At the same time, investors who apply online for gold bond purchase or make payment through digital mode will get a discount of Rs 50/- per gram from the fixed price, after which the price of gold bond will be Rs 5,873/- per gram.

Sovereign Gold Bond Tenure and Interest Rate

The maturity period on the Sovereign Gold Bond Scheme is a total of 8 years. Whereas, investors can exit from it in 5 years. Investors of the Sovereign Gold Bond Scheme are given interest at a fixed rate of 2.50 percent per annum on nominal value half yearly.

What is the gold purchase limit under SGB scheme?

To buy gold under the Sovereign Gold Bond Scheme, a minimum of 1 gram has to be purchased, while a maximum of 4 kilograms of gold can be purchased. The purchase limit for HUF is 4 kg. Whereas, for trusts and other similar institutions there is a purchase limit of 20 kg.

How to register for Sovereign Gold Bond

Login to SBI Net Banking using credentials
Click on e-Services from the main menu.
Click on Sovereign Gold Bond Scheme
If you are a first time investor. So you will have to register. Select the Register option from the header tab, then select 'Terms and Conditions' and click on Proceed.
Enter all your details for enrolment.
Select the depository participant from NSDL or CDSL where your demat account is maintained.
After this enter DP ID, Client ID and click on submit tab.
Verify the details and click on the submit tab.

How to buy Sovereign Gold Bond through SBI?

Login to SBI Net Banking using the credentials.
Click on e-Services from the main menu.
Now click on Sovereign Gold Bond Scheme.
Select the Boy option from the header tab.
Select the Terms and Conditions tab and click on Proceed.
Now enter the subscription volume and nominee details.
After this click on the submit button.
Enter the OTP received on the registered mobile and click on Verify.
After this, in a new page you will get all the details of your Sovereign Gold Bond investment.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: September 11, 2023

Posted By Ravi Kumar