New Delhi: Investors have till this night to subscribe to the third tranche of the Sovereign Gold Bond scheme (SGB 2023-24 Series III), with the subscription interval set to shut immediately (December 22, 2023). The subscription window for this tranche opened on December 18. This affords people a possibility to spend money on gold with out the necessity for bodily possession.
Sovereign Gold Bond Scheme: Issue Price
The Reserve Bank of India (RBI) has fastened the problem worth for this tranche at Rs 6,199 per gram. (Also Read: This State Government Announces 4% DA Hike For Its Employees)
Sovereign Gold Bond Scheme: For Whom The Scheme Is Designed?
The scheme is designed to cater to those that could also be hesitant to amass bodily gold as a result of security considerations, offering an alternate funding avenue. (Also Read: Surat Diamond Bourse: All You Need To Know About World’s Largest Office Building- In Pics)
Sovereign Gold Bond Scheme: Annual Compensation Rate
One of the important thing sights of the Sovereign Gold Bond scheme is the fastened annual compensation fee of two.50 p.c, which is paid semi-annually primarily based on the nominal worth. This characteristic provides a predictable ingredient to the funding, providing traders a hard and fast return on their holdings.
Sovereign Gold Bond Scheme: Closing Date
Investors contemplating participation within the Sovereign Gold Bond scheme ought to pay attention to the deadline for subscription, which is immediately.
Sovereign Gold Bond Scheme: Release Date
The SGB might be launched on December 28.
Sovereign Gold Bond Scheme: How To Invest In It?
You can purchase Sovereign Gold Bonds (SGBs) by way of business banks, on-line by way of web banking, cellular banking apps, or by visiting a financial institution department or designated put up workplace, the place you’ll be able to fill out the shape, submit models, and make fee by way of Cheque or DD, together with attaching your Aadhaar Card and PAN card.
Sovereign Gold Bond Scheme: How To Buy Through RBI Website?
Buy Sovereign Gold Bonds by way of the RBI Retail Direct web site or purchase them by way of the Stock Holding Corporation of India Limited (SHCIL) on acknowledged inventory exchanges.
Source: zeenews.india.com
