Title: Investing in Gold Made Easy: Sovereign Gold Bond Scheme 2024 Opens for Subscription
Subtitle: Explore the Dates, Prices, and Exclusive Discounts for SGB 2023-24 Series IV
Investors and gold enthusiasts take note, as the Reserve Bank of India (RBI) announces the opening of the latest series of Sovereign Gold Bonds (SGB) 2023-24, Series IV. This opportunity allows individuals to invest in gold securely while reaping the benefits of a fixed interest rate. Here’s a comprehensive guide to the subscription details and other key aspects of the Sovereign Gold Bond Scheme 2024.
SGB 2023-24 Series 4 Subscription Window Details:
- Opening Date: Monday, February 12, 2024
- Closing Date: Friday, February 16, 2024
Sovereign Gold Bonds Issue Details:
- Date of Issuance: Thursday, February 21, 2024
- Issue Price: Rs 6,213/- per gram of gold
Exclusive Discount for Digital Payments:
Investors opting for online registration and digital payments can enjoy a special Rs 50 discount on SGB 2023-24 Series 4. The issue price for these investors will be Rs 6,149 per gram of gold.
Steady Interest Rates and Investment Details:
- Interest Rate: 2.5% per annum (paid semi-annually)
- Investment Tenure: 8 years, with an option to exit strategically in the 5th year
Seamless Investment Process:
Investors will receive a Holding Certificate as evidence of their ownership of the bonds. These Gold Bonds, issued under the Government of India Stocks category, offer an easy transition into demat form, providing added convenience.
Where to Buy SGB 2023-24 Series 4:
Sovereign Gold Bonds are available through various channels, offering flexibility and ease of investment. Purchase options include direct transactions through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognized stock exchanges like the National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd. Authorized agents are also available to assist investors throughout the process.
Now is the time to capitalize on the security and potential returns of gold investments through the Sovereign Gold Bond Scheme 2024.
