E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

SBI Defence Salary Package (DSP) Scheme – Important update for serving and retired Air Force Personnel and their families

July 6, 2022

Virginia Retirement Systems Invest in VanEck’s Crypto Lending Fund

July 6, 2022

How To Buy a Car in 2020 ( & get the best deal possible)

July 6, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»Sovereign Gold Bonds: Last day to subscribe SGB Series 1; issue price at Rs 5,091 per gram, Rs 50 discount for online applicants
Business

Sovereign Gold Bonds: Last day to subscribe SGB Series 1; issue price at Rs 5,091 per gram, Rs 50 discount for online applicants

Paul EasterBy Paul EasterJune 24, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email


Sovereign Gold Bonds: Today is the last day to subscribe Sovereign Gold Bond Scheme 2022-23 Series I. The issue opened on 24 June 2022.

The issue price of SGB is Rs 5,091 per gram of gold according to a Reserve Bank of India (RBI) release.

For investors applying for SGBs online, there will be a discount of Rs 50 per gram. For such investors, the issue price of Gold Bond will be Rs 5,041 per gram of gold.

The nominal value of the SGBs id based on the simple average closing price published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, which in this case is 15  June, 16 June and 17 June 17, 2022.

SGBs are government securities denominated in grams of gold and are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of Government of India.

SGBs can be subscribed by individuals through their bank accounts or through demat accounts.

SGB are restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the interest payment dates.

See Zee Business Live TV Streaming Below:

The minimum permissible investment will be 1 gram of gold while the maximum limit is of subscription 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.

The payment for the Bonds will be through cash payment (up to a maximum of ₹ 20,000) or demand draft or cheque or electronic banking. The issue price of the Gold Bonds will be ₹ 50 per gram less for those who subscribe online and pay through digital mode.





Source link

Paul Easter

Related Posts

SBI Defence Salary Package (DSP) Scheme – Important update for serving and retired Air Force Personnel and their families

By Paul EasterJuly 6, 2022

Bharatpe loan disbursal doubles to Rs 3,600 cr in April-June on quarterly basis

By Paul EasterJuly 6, 2022

Gold Price Outlook: Yellow metal on slippery ground; experts give intraday trading strategy, outlook

By Paul EasterJuly 6, 2022

PGCIL board okays proposals to raise Rs 11,000 crore

By Paul EasterJuly 6, 2022
Add A Comment

Comments are closed.

Our Picks

SBI Defence Salary Package (DSP) Scheme – Important update for serving and retired Air Force Personnel and their families

By Paul EasterJuly 6, 2022

Virginia Retirement Systems Invest in VanEck’s Crypto Lending Fund

By Paul EasterJuly 6, 2022

How To Buy a Car in 2020 ( & get the best deal possible)

By Paul EasterJuly 6, 2022
Recent Posts
  • SBI Defence Salary Package (DSP) Scheme – Important update for serving and retired Air Force Personnel and their families July 6, 2022
  • Virginia Retirement Systems Invest in VanEck’s Crypto Lending Fund July 6, 2022
  • How To Buy a Car in 2020 ( & get the best deal possible) July 6, 2022
  • Bharatpe loan disbursal doubles to Rs 3,600 cr in April-June on quarterly basis July 6, 2022
  • GGWave Sings The Songs Of Your Data July 6, 2022
  • Ethereum’s Sepolia Testnet Undergoes Merge Upgrade July 6, 2022
  • How to Invest in Index Funds (Get invested in 5 min) July 6, 2022
Archives
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.