GoI issues new series of Sovereign Gold Bond Scheme (SGB) 2021-22

Oct 25, 2021 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of India (GoI) on October 21, 2021 has issued new series of sovereign Gold Binds Scheme 2021-22. 

The distinct series number and date of issuance and date of subscription are as followed:

S.No.

Tranche

Date of Subscription

Date of Issuance

1.

2021-22 Series VII

October 25–29, 2021

November 02, 2021

2.

2021-22 Series VIII

November 29- December 03, 2021

December 07, 2021

3.

2021-22 Series IX

January 10-14, 2022

January 18, 2022

4.

2021-22 Series X

February 28- March 04, 2022 

March 08, 2022

• Period of subscription

The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above.

• Application

Subscription for the Bonds may be made in the prescribed application form Form A or in any other form as near as thereto, stating clearly the grams (in units) of gold and the full name and address of the applicant. Every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Scheduled Commercial Banks (excluding RRBs, Small Finance Banks and Payment Banks), designated Post Offices (as may be notified), Stock Holding Corporation of India Ltd (SHCIL), Clearing Corporation of India Limited  and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Ltd. are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers The Receiving Office shall issue an acknowledgment receipt in Form B to the applicant. 

• All online applications should be accompanied by email Id of the investor/s which should be uploaded on the E-kuber portal along with the subscription details.

[Notification No. RBI/2021-2022/113 IDMD.CDD. No.1087/14.04.050/2021-22]


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