New Delhi: Subscriptions for the third tranche of the Sovereign Gold Bond scheme, SGB 2023-24 Series III, are now being accepted through December 22. The most recent batch of gold bonds will be issued at a fixed price of Rs 6,199 per gram by the Reserve Bank of India (RBI).
India has a long history of loving yellow metal, and gold is seen as an inflation hedge. (Also Read: Surat Diamond Bourse: All You Need To Know About World’s Largest Office Building- In Pics)
The Sovereign Gold Bond scheme gives a wonderful chance for people who are apprehensive about buying real gold since apart from safety issues the investors get reimbursed at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value. (Also Read: LIC Saral Pension Plan: Invest Once, Reap Rs 58,950 Every Year For A Lifetime)
Log In To Net Banking:
– Access your net banking account.
– Navigate to the ‘e-Service’ section in the main menu and select ‘Sovereign Gold Bond.’
Review Terms And Conditions:
Choose ‘terms and conditions’ and proceed by clicking on ‘proceed.’
Complete Registration:
Fill out the one-time registration form.
Select Depository Participant:
Choose the Depository participant, either NSDL or CDSL, where your demat account is located.
Submit Registration:
Click on ‘submit’ after filling in the required details.
Fill Purchase Form:
Enter the subscription quantity and nominee details in the purchase form.
Final Submission:
Click ‘submit’ to finalize the purchase.
One-Time Password (OTP):
Enter the OTP sent to your mobile phone to authenticate and complete the process.
Different Methods for SGB Purchase:
– Commercial Banks
– Utilize net banking services to invest in SGBs online.
– Use your bank’s mobile application for convenient SGB investments.
Physical Visit To Bank/Post Office:
– Visit a bank branch or designated post office.
– Fill out the form, provide units, and submit it with a Cheque or DD.
– Attach your Aadhaar Card and PAN card.
– Explore the option of purchasing SGBs through the RBI Retail Direct website.
– Investors can buy gold bonds through SHCIL.
– Explore the possibility of purchasing gold bonds from recognised stock exchanges.
