What is the Last Date to Invest in the SGB Series 2023-24 Series III?

SGB Series 2023-24 Series III
SGB Series 2023-24 Series III

The ongoing Sovereign Gold Bond (SGB) Series 2023-24 Series III has piqued the interest of investors seeking a secure avenue in gold investments. As this series reaches its pinnacle, a pivotal query looms large: What is the ultimate deadline to seize this golden opportunity? In this article, we unravel the crucial date that marks the closure of subscriptions for the SGB Series 2023-24 Series III, alongside comprehensive details to guide your investment journey.

Also Read: What is the Issue Price of Sovereign Gold Bond (SGB) Series III?

What is the Last Date to Invest in the SGB Series 2023-24 Series III?

The curtain falls on the subscription period for the SGB Series 2023-24 Series III on December 22, 2023. Investors keen on acquiring these bonds should act promptly to secure their investments before the window closes.

Sovereign Gold Bonds Issue Price:

The issue price for this SGB series stands at Rs 6,199 per gram of gold. However, those opting for online subscriptions and digital payments can avail of a discount, effectively setting the issue price at Rs 5,926 per gram.

Where to Buy Sovereign Gold Bonds:

SGBs are available through various channels including Scheduled Commercial banks (excluding Small Finance Banks, Payment Banks, and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognized stock exchanges like the National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Sovereign Gold Bonds Interest Rates:

Investors can benefit from a fixed interest rate of 2.50% per annum on the nominal value of the SGB. This interest is payable semi-annually, providing a stable income stream.

As the subscription deadline of December 22, 2023, fast approaches, investors are encouraged to act swiftly to capitalize on this opportunity. With the information at hand, make an informed decision and harness the potential benefits of investing in the SGB Series 2023-24 Series III.

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