Sovereign Gold Bonds
Anyone residing in India, as defined by the Foreign Exchange Management Act of 1999, is eligible to invest in SGB. In fact, this covers people as well as Hindu Undivided families, trusts, colleges, and nonprofit organizations.
Sovereign Gold Bonds Series IV
- Sovereign Gold Bond 2023-24 series IV will be open from February 12 to February 16, 2024, with a 5-day distance period.
- The Reserve Bank of India (RBI) will announce the relationship price as soon as possible. SGBs in 2024 are government securities that represent a specific amount of gold.
- Under those circumstances, investors must pay the issue price in cash and redeem the bonds for cash when they mature.
- While investing in the Sovereign Gold Bond Scheme, you can make payments with cash up to Rs. 20,000, cheques, or electronic funds transfers.
- Membership in the previous tranche of the SGBs 2023-24 Series III was primarily available between December 18 and December 22, 2023.
Invest in SGBs
How to invest in SGBs: Sovereign Gold Bonds are available for purchase through a variety of channels, including nationalized banks, scheduled private banks, foreign banks, the Stock Holding Corporation of India Ltd, and authorized stock exchanges.
Sovereign Gold Bond Price History:
The price history of SGB for fiscal year 2023-24 is as follows.
| Series | Month | Price per Gram |
|---|---|---|
| 1 | June 2023 | Rs. 5,926 |
| 2 | September 2023 | Rs. 5,923 |
| 3 | December 2023 | Rs. 6,199 |
The price history of SGB for FY 2022-23 is as follows:
| Series | Month | Price per Gram |
|---|---|---|
| 1 | June 2022 | Rs. 5,041 |
| 2 | August 2022 | Rs. 5,091 |
| 3 | December 2022 | Rs. 5,409 |
| 4 | March 2023 | Rs. 5,611 |
The price history of SGB for FY 2021-22 is as follows:
| Series | Month | Price per Gram |
|---|---|---|
| 1 | May 2021 | Rs. 4,777 |
| 2 | May 2021 | Rs. 4,842 |
| 3 | June 2021 | Rs. 4,889 |
| 4 | July 2021 | Rs. 4,807 |
| 5 | August 2021 | Rs. 4,790 |
| 6 | September 2021 | Rs. 4,732 |
| 7 | October 2021 | Rs. 4,765 |
| 8 | November 2021 | Rs. 4,791 |
| 9 | January 2022 | Rs. 4,786 |
| 10 | March 2022 | Rs. 5,109 |
How to Invest in SGBs online?
Meanwhile, purchasing SGBs through online channels provides a convenient and efficient way to invest in gold.
● The first step is to log into their respective internet banking accounts.
● The second step is to go to the main menu, select e-service, and then click on SGB.
● New customers, on the other hand, who click Register Read must agree to the RBI’s terms and conditions before proceeding.
● According to information, enter all of the necessary details about the SGB scheme, as well as information about the depository participant from CDSL or NSDL, depending on where your account is hosted.
● Then, fill out the online registration form’s consent section.
● The next step is to enter the long of subscription quantity and nominee information.
● Finally, enter the one-time password, and the OTP that you have received to your registered mobile number.
SGBs Interest Rates
Sovereign Gold Bonds (SGBs) offer a fixed annual interest rate of 2.50% on the original investment amount. Moreover, the company pays the principal amount invested plus the final interest payment at maturity. In short, interest is credited to the investor’s bank account semi-annually.
How Can I Find Out Sovereign Gold Bonds Series IV Status?
Your portfolio will display the Sovereign Gold Bond that you purchased online using a Demat account after the SGB is issued. The issuing bank, approved stock exchanges, post offices, SHCIL offices, or agents are the places where the SGB certificate of holding can be obtained if the purchase was made offline. Additionally, the RBI will mail the holding certificate’s digital copy to the email address you supplied on the application.
Sovereign Gold Bonds Series IV Allotment Status, SGB 2024 Allotment
The Sovereign Gold Bond 2024 Series IV applicants are currently awaiting allocation. It appears that the allocation will happen today, February 21, based on the information that is currently available.
Sovereign Gold Bonds Series IV Allotment – Here’s how you can verify the status of your online purchase.
Those who purchased SGBs online through a demat account can check their status by going to the ‘portfolio’ or ‘holding’ section. After all, this section allows investors to check the status of SGBs, or Sovereign Gold Bonds. Finally, for the next Sovereign Gold Bonds Series you stay in touch with ScoopDose.
