This has reference to the GoI notification F.No.4(4)-B(W&M)/2020 and RBI IDMD.CDD.No.2729/14.04.050/2019-20 dated April 13, 2020 announcing that the Sovereign Gold Bonds Scheme 2023-24 – Series 1 (Tranche 64) will be open for subscription from Monday, June 19, 2023 to Friday, June 23, 2023.
The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bonds Scheme 2023-24 – Series 1 (Tranche 64) will be open for subscription from Monday, June 19, 2023 to Friday, June 23, 2023 for trading members to subscribe to the issue for their clients. The issue price has been fixed at Rs. 5,876 /- (Rupees Five Thousand Eight Hundred and Seventy Six only) per gram of gold.
Details of the SGB Scheme Master
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Issue Name
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Sovereign Gold Bonds Scheme 2023-24 – Series 1 (Tranche 64)
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Symbol
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SGB232401
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Issue serial number
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29749
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ISIN
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IN0020230069
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Issue Period
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Monday, June 19, 2023 to Friday, June 23, 2023
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Demat Mode Timing
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9:00 am on T day till 5 pm on last day of bidding period
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(Modification/Cancellation/Payment of bids date and timing)
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9:00 am on T day till 5:30 pm on last day of bidding period
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Issue Price (per gram of gold)
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Online BID: Rs. 5,876 (For investors applying online and the payment against the application is made through digital mode)
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Offline BID: Rs. 5,926
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Minimum Quantity
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1 gram
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Maximum Quantity
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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 (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 purchased from the Secondary Market.
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Bid Quantity Multiple
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1 gram
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Rate of Interest
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2.50% per annum on the amount of initial investment. It shall commence from the date of its issue and is payable every 6 months.
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Date of Allotment
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Tuesday, June 27, 2023
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For further information on the SGB Scheme, trading members are requested to refer to the above-mentioned notification issued by Government of India, RBI circular as well as Frequently Asked Questions (FAQs) section on RBI’s website and Exchange circulars at the following web links –
Government of India, Ministry of Finance, Department of Economic Affairs Notification:
https://rbidocs.rbi.org.in/rdocs/content/pdfs/SGBVIIIGN06102017_AN.pdf
RBI Circular:
https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=41889
Frequently Asked Questions (FAQs):
https://www.rbi.org.in/Scripts/FAQView.aspx?Id=109
Exchange website – About Sovereign Gold Bonds under the Public Issues Section :
http://www.bseindia.com/Static/Markets/PublicIssues/gold_sovereign_bonds.aspx?expandable=2
In case of any query on the BSE StAR MF platform you can reach us through our service centre on 022-30594050 on business days between 8.00 a.m. to 7.00 p.m. You can also raise your queries on our CRS portal: - https://bsecrs.bseindia.com
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Dy. General Manager – Mutual Funds |