Latest Sovereign Gold Bond tranche open for subscription; Where to buy these bonds, how to invest in SGB online

The Reserve Bank of India (RBI) has launched the new tranche of Sovereign Gold Bond (SGB). The subscription period for SGB Series II will run from September 11–15, 2023. The nominal value of SGB is calculated as Rs 5,923 per gram.

The price is based on the simple average closing price published by the India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity for the last three working days of the week prior to the subscription period, i.e. September 06, September 07, and September 08, 2023.

Also read: Sovereign Gold Bond Scheme 2023-24 Series II opens today; Check latest SGB issue price, how to invest


Discounted price
In comparison to the nominal value, the government offers a Rs 50 discount to investors who apply online and pay for their applications using digital ways. For these investors, the gold bond will cost Rs. 5,873 per gram of gold.

How and where to buy SGB

The tenor of the SGB will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates.

Where can I buy these bonds?
Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices as may be notified and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.

How to register for Sovereign Gold Bond(SGB)

Step 1: Login SBI Net Bankig using credentials
Step 2: Click on ‘e-Service’ from main menu
Step 3: Click on ‘ Sovereign Gold Bond Scheme’
Step 4: You must register if you are a first-time investor. Select 'Register,' from header tab then 'Terms and Conditions,' then 'Proceed.'
Step 5: Enter all your details that are not auto-filled. Add nomination and other details.
Step 6: Choose the Depository participant from NSDL or CDSL where your demat account is held.
Step 7: Enter DP ID, Client ID and click ‘Submit’ tab
Step 8: Confirm the details and click ‘ Submit’ tab

How to buy Sovereign Gold Bond scheme through SBI

Step 1: Login SBI Net Banking using credentials
Step 2: Click on ‘e-Service’ from main menu
Step 3: Click on ‘Sovereign Gold Bond Scheme’
Step 4: Select 'Purchase,' from header tab
Step 5: Select the tab ‘Terms and Conditions’ tab and Click ‘Proceed’
Step 6: Enter ‘Subscription quantity’, nominee details
Step 7: Click on ‘Submit’
Step 8: Enter your OTP and click ‘Confirm’
In a new page you will find all the details of your SGB investments.


SGB details
The SGB will have an 8-year tenor and an exit option that can be used on interest payment days that begins in the fifth year. The nominal value will be paid to investors at a fixed rate of 2.50 percent annually, payable every other year. SGB online subscription is only available to single A/C holders. Joint investment is not allowed. The investors will be issued a Holding Certificate for the same. The Bonds are eligible for conversion into Demat form.