The Reserve Bank of India (RBI) on December 08, 2023, issued the Sovereign Gold Bond Scheme 2023-24.
The SGBs will be sold through Scheduled Commercial banks (except 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 recognised stock exchanges, viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
The SGBs will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
The Minimum permissible investment will be One gram of gold and The maximum limit of subscription shall be 4 Kg for individuals, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal year (April-March), as notified by the Government from time to time.
Further information was provided by RBI vide notification no. RBI/2023-2024/87 IDMD.CDD.No.2128/14.04.050/2023-24 on December 11, 2023.
[Press Release: 2023-2024/1456]
