On 16-12-2022, the Reserve Bank of India (‘RBI') has announced Series III and IV of Sovereign Gold Bond Scheme 2022-2023.
Applicability: applicable on Scheduled Commercial Banks, Designated Post Offices, Stock Holding Corporation of India Ltd., National Stock Exchange of India Ltd., Clearing Corporation of India Ltd.
Key Points:
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Under this scheme, there will be a distinct series for every tranche.
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The date of issuance of bonds will vary for every series and the subscription under this scheme will open on the following dates only (Monday to Friday):
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Series III- Date of subscription will be starting from 19-12-2022 until 23-12-2022 and date of issuance will be 27-12-2022.
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Series IV- Date of subscription will be starting from 6-3-2023 until 10-3-2023 and date of issuance will be 14-3-2023.
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Application: Subscription will be made in the prescribed Form A. The acknowledgement of receipt of the same will be made by the Receiving Office in Form B and the following has to be clearly stated by the applicant- the grams (in unit) of gold, full name and address of the applicant, PAN details.
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Online applications should contain the email id of the applicant and the same, along with the subscription details, has to be uploaded on Ekuber portal of RBI.
*Kriti Kumar, Editorial Assistant has reported this brief.