सॉव्रेन गोल्ड बॉण्ड स्कीम
Personal BankingDepositsGovt Schemes
Sovereign Gold Bond Scheme (SGB)
- Sovereign Gold Bond Scheme (SGB)
Sovereign Gold Bond Scheme was launched by Govt in November 2015, under Gold Monetisation Scheme. Under the scheme, the issues are made open for subscription in tranches by RBI in consultation with GOI. RBI Notifies the terms and conditions for the scheme from time to time. The subscription for SGB will be open as per following calendar. The rate of SGB will be declare by RBI before every new tranche by issuing a Press Release.
As per RBI instructions “Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s)’’ as the PAN number of the first/ sole applicant is mandatory.
- Sovereign Gold Bonds Scheme (SGB) application form
- Current Procedural Guidelines for servicing the bonds
Features:
- To be issued by Reserve Bank India on behalf of the Government of India.
- The Bonds will be restricted for sale to resident Indian entities including individuals (in his capacity as individual, or on behalf of minor child, or jointly with any other individual), HUFs, Trusts, Universities and Charitable Institutions.
- Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required.
- The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
- The tenor of the Bond will be for a period of 8 years with exit option in 5th, 6th and 7th year, to be exercised on the interest payment dates.
- Minimum permissible investment will be 1 gram of gold.
- The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal year (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchase from the Secondary Market.
- The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.
- Rs.50/- per gram discount than the nominal value to those investors applying online and the payment against the application is made through digital mode.
- In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
- Payment for the Bonds will be through cash payment (up to a maximum of Rs. 20,000/-) or demand draft or cheque or electronic banking.
- Nominations are available. In case the investment is on behalf of minor nomination facility is not available
- The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
- The Gold Bonds will be issued as Government of India Stocks under Government Security Act, 2006. The investors will be issued a Holding Certificate for the same. The Bonds are eligible for conversion into Demat form.
- The redemption price will be in Indian Rupees based on simple average of closing price of gold of 999 purity of previous 3 working days published by IBJA.
- All the branches of the State Bank of India are authorised to accept the subscription.
- Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time. The lien on the bond shall be marked in the depository by the authorised banks.
- Note : The loan against SGB Certificate is available.
- Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.
Sovereign Gold Bond (SGB) Scheme Calendar for premature redemption during October2023 March 2024
| No | SGB Series | Issue Date | Date of coupon payment | Dates for submitting the request for premature redemption by the investors to the Receiving Offices/NSDL/CDSL/RBI Retail Direct | |
|---|---|---|---|---|---|
| From | To | ||||
| 1 | 2016-17 Series I | August 5, 2016 | February 5, 2024 | January 5, 2024 | January 25, 2024 |
| 2 | 2016-17 Series II | September 30, 2016 | March 30, 2024 | February 29, 2024 | March 20, 2024 |
| 3 | 2016-17 Series III | November 17, 2016 | November 17, 2023 | October 17, 2023 | November 7, 2023 |
| 4 | 2016-17 Series IV | March 17, 2017 | March 17, 2024 | February 17, 2024 | March 6, 2024 |
| 5 | 2017-18 Series I | May 12, 2017 | November 12, 2023 | October 12, 2023 | October 31, 2023 |
| 6 | 2017-18 Series II | July 28, 2017 | January 28, 2024 | December 28, 2023 | January 15, 2024 |
| 7 | 2017-18 Series III | October 16, 2017 | October 16, 2023 | September 16, 2023 | October 6, 2023 |
| 8 | 2017-18 Series IV | October 23, 2017 | October 23, 2023 | September 23, 2023 | October 13, 2023 |
| 9 | 2017-18 Series V | October 30, 2017 | October 30, 2023 | September 30, 2023 | October 20, 2023 |
| 10 | 2017-18 Series VI | November 6, 2017 | November 6, 2023 | October 6, 2023 | October 27, 2023 |
| 11 | 2017-18 Series VII | November 13, 2017 | November 13, 2023 | October 13, 2023 | November 3, 2023 |
| 12 | 2017-18 Series VIII | November 20, 2017 | November 20, 2023 | October 20, 2023 | November 10, 2023 |
| 13 | 2017-18 Series IX | November 27, 2017 | November 27, 2023 | October 27, 2023 | November 15, 2023 |
| 14 | 2017-18 Series X | December 4, 2017 | December 4, 2023 | November 4, 2023 | November 24, 2023 |
| 15 | 2017-18 Series XI | December 11, 2017 | December 11, 2023 | November 10, 2023 | December 1, 2023 |
| 16 | 2017-18 Series XII | December 18, 2017 | December 18, 2023 | November 18, 2023 | December 8, 2023 |
| 17 | 2017-18 Series XIII | December 26, 2017 | December 26, 2023 | November 24, 2023 | December 16, 2023 |
| 18 | 2017-18 Series XIV | January 1, 2018 | January 1, 2024 | December 1, 2023 | December 22, 2023 |
| 19 | 2018-19 Series I | May 4, 2018 | November 4, 2023 | October 4, 2023 | October 25, 2023 |
| 20 | 2018-19 Series II | October 23, 2018 | October 23, 2023 | September 23, 2023 | October 13, 2023 |
| 21 | 2018-19 Series III | November 13, 2018 | November 13, 2023 | October 13, 2023 | November 03, 2023 |
| 22 | 2018-19 Series IV | January 1, 2019 | January 1, 2024 | December 1, 2023 | December 22, 2023 |
| 23 | 2018-19 Series V | January 22, 2019 | January 22, 2024 | December 22, 2023 | January 12, 2024 |
| 24 | 2018-19 Series VI | February 12, 2019 | February 12, 2024 | January 12, 2024 | February 2, 2024 |
Sovereign Gold Bond (SGB) Scheme Calendar of issuance during October 2023 to March 2024
| No | Tranche | Date of Subscription | Date of issuance |
|---|---|---|---|
| 1 | 2023-24 Series III | December 18 – December 22, 2023 | December 28, 2023 |
| 2 | 2023-24 Series IV | February 12 – February 16, 2024 | February 21, 2024 |
Last Updated On : Saturday, 20-01-2024
Interest Rates
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11.45% p.a.*
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2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
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Starts From 9.05%*
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2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
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8.15% p.a.*
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9.15% p.a.
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7.00%
2 years to less than 3year
6.50%
5 years and up to 10years
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Criteria
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Interest Rates
Start From
11.45% p.a.*
*T&C Apply.
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SEE PRODUCTS APPLY NOW
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
View All
SEE PRODUCTS
Starts From 9.05%*
SBI Gold Loan
*T & C Apply
View All
SEE PRODUCTS APPLY NOW
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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SEE PRODUCTS APPLY NOW
8.15% p.a.*
*T&C Apply.
View All
SEE PRODUCTS APPLY NOW
9.15% p.a.
View All
SEE PRODUCTS APPLY NOW
7.00%
2 years to less than 3year
6.50%
5 years and up to 10years
View All
SEE PRODUCTS
Quick Links
- Doorstep Banking Services
- FAQ's
- Interest Rates
- Unauthorized Digital Transaction Reporting
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