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Sovereign Gold Bond Series 2023-24 Series IV opens today

Sovereign Gold Bond Series 2023-24 Series IV' will be open from 12 Feb'24 to 16 Feb'24 for 5 days. Investing in SGB is a safe way to invest in gold instruments that are backed by the government.

The issue price has been fixed at ₹6263 per gram of gold, as per RBI.

A discount of ₹50 per gram less than the nominal value will be offered to investors who apply online and make the payment digitally.

The maximum subscription limit (per fiscal year) is 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and small entities.

The SGB's tenor will be eight years with an option of premature redemption after fifth year to be exercised on the date on which interest is payable. Also, the Know Your Customer (KYC) norms will be the same as that for buying physical gold.

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