Under the Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg gold bonds. Investors wishing to buy it will have to register online before June 23.
New Delhi: Investing in gold has always been the first choice of people, because its price keeps on increasing, due to which the investor is always in profit with better returns. RBI has launched the first series of this year’s Sovereign Gold Bond Scheme for gold investors. In this scheme, which gives many benefits along with the interest rate, investment can be made till June 23 and a person can buy a maximum of 4 kg gold bond. If you want to invest in gold bonds before the deadline is over, then the application process is quite easy. Common people can buy gold bond scheme from banks, post offices offline and online. Let us know the registration and purchase process for online gold bonds through SBI.
Opportunity to invest in Sovereign Gold Bond till June 23
On behalf of the Central Government, RBI has launched the Sovereign Gold Bond (SGB) scheme for investment from June 19 to June 23, 2023. The issue price of the bond for Sovereign Gold Bond 2023-24 Series 1 is Rs 5,926 per gram of gold. At the same time, the Reserve Bank is giving a discount of Rs 50 per gram of gold to investors paying through digital means. The issue price of the Gold Bond for such investors will be Rs. 5,876 per gram of gold will remain. The maturity period on the Sovereign Gold Bond Scheme is a total of 8 years. Whereas, investors can get out of it in 5 years. Investors of the Sovereign Gold Bond Scheme will get interest at a fixed rate of 2.50 per cent per annum on the nominal value in half yearly basis. Investing in Sovereign Gold Bonds to the public proves to be more profitable than FD or any other investment scheme.
How to register for Sovereign Gold Bond?
- SBI customers login to net banking using their credentials.
- Click on ‘e-Services’ from the main menu.
- Here ‘Sovereign Gold Bond Scheme’ will appear, click on it
- If you are investing for the first time then you have to register.
- So select ‘Register’ from the header tab, then read ‘Terms and Conditions’ and click on proceed.
- Enter all your details asked for enrollment.
- Select the Depository Participant from NSDL or CDSL where you maintain your demat account.
- Enter DP ID, Client ID and click on ‘Submit’ tab.
- Confirm the details and click on the ‘Submit’ button.
How to Buy Sovereign Gold Bond Scheme through SBI
- Enter your details in SBI Net Banking.
- Click on ‘e-Sewa’ option from the main menu.
- Click on the Sovereign Gold Bond Scheme option shown here.
- Select the option of ‘Purchase’ from the header tab.
- Now select the ‘Term and Condition’ option and proceed by clicking on Proceed.
- Customer now enter the details of subscription quantity and nominee.
- After that click on the ‘Submit’ button.
- Enter your OTP and click on confirm.
- Now a new page will open in which you will get all the details of your Sovereign Gold Bond.
