Sovereign Gold Bonds September 202324 Series 2
13/09/2023 Financial & Legal Services
Price: Check with seller
Description
The Reserve Bank of India (RBI) announced that the Sovereign Gold Bond Scheme 2023-24 Series II opened for subscription on September 11, 2023. The issue price was set at ₹5,923 per gram. The subscription period was from September 11, 2023 at 9 AM to September 15, 2023 at 3:30 PM.
The settlement date for this tranche of the Sovereign Gold Bond Scheme 2023-24 Series is September 20.
Sovereign Gold Bonds are denominated in grams of gold and are an alternative to owning physical gold. They have a maturity period of 8 years, but investors can choose to exit after 5 years. After 8 years, the interest and redemption proceeds will be credited to the investor's bank account.
Comments
ruby2023
Individual
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