2023 Sovereign Gold Bonds (SGB) Calendar: Everything You Need to Know

Sovereign Gold Bonds (SGB) 2023 | SGB 2023 Calendar | SGB 2023 | SGB Issue Dates Details for 2023 | SGB Issuance Price Details for 2023

Introduction

The Sovereign Gold Bond (SGB) is a popular investment option for those looking to invest in gold. These bonds are issued by the Reserve Bank of India (RBI) on behalf of the government and are denominated in grams of gold. The SGB scheme was first introduced in 2015 and has been gaining popularity ever since.

For 2023, the government has announced that it will issue multiple tranches of Sovereign Gold Bonds throughout the year. These tranches will allow investors to invest in gold in a systematic manner, rather than investing a large sum of money all at once.

Benefits of investing in SGBs in 2023

One of the key benefits of investing in SGBs is that they offer the same benefits as physical gold, but without the hassle of storing or securing the gold. The bonds can be easily traded on stock exchanges, and investors can also choose to redeem them for cash at the prevailing market price.

SGBs also offer an annual interest rate of 2.5% on the initial investment amount. This interest is paid out semi-annually, making SGBs a good investment option for those looking to earn a steady income.

Furthermore, SGBs are considered a safe investment option, as they are backed by the government of India. This means that investors do not have to worry about the creditworthiness of the issuer.

Sovereign Gold Bonds (SGB) Calendar for 2023

Sr. NoSecurity SymbolApplication Starts OnApplication Ends OnSGB Issuance DateOffline Issue Price (₹ per gm)Online/Digital Issue Price (₹ per gm)Tranche
01SGB222304March 06, 2023March 10, 2023March 14, 2023₹ 5,611 per gram₹ 5,561 per gram2022-23 Series IV
02SGB232401March 19, 2023March 23, 2023June 27, 2023₹ 5,926 per gram₹5,876 per gram2023-24 Series I
03SGB232402September 11, 2023September 15, 2023September 20, 2023₹5,923/- per gram₹5,873/- per gram2023-24 Series II
04SGB232403December 18, 2023December 22, 2023December 28, 2023₹6,199 per gram₹6,149 per gram2023-24 Series III

Sovereign Gold Bonds Application Process

Investors who wish to invest in SGBs can do so through banks, post offices, stock exchanges, and other designated channels. The application process is simple and can be done online or offline.

Investors must provide their basic details, such as name, address, and PAN number, along with their investment amount. Once the application is processed, the bonds are credited to the investor’s demat account.

Investors who do not have a demat account can also invest in SGBs through physical certificates. These certificates are issued by the RBI and can be redeemed for cash at the end of the bond’s maturity period.

Important Disclaimer

Investing in SGBs involves risk, and investors are advised to conduct their own due diligence before investing. The value of the bonds can fluctuate depending on market conditions. Also, since the redemption price will be dependent on the spot price at the time of the redemption, there is a possibility that the investors may not be able to redeem the bonds for the full investment amount. It is important to carefully read the prospectus and other documents provided by the RBI before investing in SGBs.

Conclusion

Sovereign Gold Bonds are an excellent investment option for those looking to invest in gold. The bonds offer all the benefits of physical gold, without the hassle of storing or securing the gold. The annual interest rate of 2.5% makes SGBs a good investment option for those looking to earn a steady income.

In 2023, the government will issue multiple tranches of SGBs throughout the year. Investors can invest in these tranches in a systematic manner, rather than investing a large sum of money all at once. The application process is simple, and investors can invest in SGBs through online or offline channels.

Overall, the Sovereign Gold Bond is a safe and attractive investment option for those looking to invest in gold. The government’s commitment to issuing multiple tranches in 2023 provides investors with an excellent opportunity to invest in gold in a systematic and safe manner. However, it is important to conduct due diligence before investing in SGBs.

So, feel free to bookmark the dates for the application dates and issuance dates of the Sovereign Gold Bonds for 2023. The detailed SGB tranches dates calendar for 2021, 2022 have previously been updated, and webnotes.in will continue to update for 2023 as well.

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Sovereign Gold Bond (SGB) March 2023 [2022-23 Series IV]

Introduction

As per the recent announcement by the Reserve Bank of India (RBI), the Sovereign Gold Bond (SGB) scheme will be open for subscription from March 6th to March 10th, 2023. This scheme allows investors to invest in gold without actually buying physical gold, which makes it an attractive investment option.

Details of the Sovereign Gold Bond Scheme

The SGB scheme is issued by the RBI on behalf of the Government of India. The bonds are denominated in grams of gold, and the price of one gram of gold is fixed by the government based on the prevailing market rates at the time of issuance. Investors can purchase these bonds from authorised banks and financial institutions or through the stock exchanges. The minimum investment in SGBs is one gram of gold, and the maximum is 4 kilograms for individuals and HUFs (Hindu Undivided Families) and 20 kilograms for trusts and other eligible entities.

SGB (Sovereign Gold Bonds) March 2023 Dates

What dates will the Sovereign Gold Bonds be available for application in March 2023?

The Sovereign Gold Bond Scheme 2022-23 – Series 04 (March 2023 SGB series) will be open for subscription from March 06, 2023 (Monday) to March 10, 2023 (Friday).

The detailed information on the Issue Details are as follows:

Issue Details of SGB March 2023 i.e. 2022-23 Series IV Tranche

Issue NameSovereign Gold Bonds Scheme 2022-23 – Series 4 (Series IV)
Security SymbolSGB222304
ISININxxxxxxxx
Issue PeriodMarch 06, 2023 to March 10, 2023
Issue Price (per gram of gold)Online Mode: ₹ 5,561 per gram | Offline Mode: ₹ 5,611 per gram
Minimum Quantity (in grams)1 gram
Maximum Quantity (in grams)For Individuals and HUF: 4000g (4kg).
For Trusts, and similar entities: 20,000g (20kg)
Bid Quantity MultiplesYou may apply in multiples of 01 gram, until the specified maximum quantities. 
Rate of InterestThe Government of India has indicated that an interest of 2.50% per annum on the amount of initial investment will be paid to investor. The interest accrual shall commence from the date of issue, and is paid out every 6 months. 
Date of AllotmentMarch 14, 2023 (Tuesday)
Date of ListingTBC

Interest Rates and Tenure

The SGB scheme provides an interest rate of 2.5% per annum, payable semi-annually on the invested amount. This rate is significantly higher than the interest rates offered on other gold investments such as gold ETFs (Exchange-Traded Funds) and physical gold. The tenure of Sovereign Gold Bonds is eight years, with an option to exit after the fifth year. Investors can choose to redeem the bonds at any time after the fifth year, and the redemption price will be based on the prevailing market price of gold at the time of redemption.

Allotment Price

The allotment price of Sovereign Gold Bonds is based on the average closing price of gold of 999 purity of the last three business days of the previous week.

For the March 2023 tranche, the allotment price would be for ₹ 5,561 per gram (online mode), and ₹ 5,611 per gram (offline mode).

The allotment of bonds is made on a first-come, first-served basis, subject to the availability of bonds. The bonds are issued in a dematerialised form, which means that investors do not receive any physical certificates for their investment. Instead, they receive an electronic certificate in their demat account.

How to Apply for Sovereign Gold Bonds

Investors can apply for the SGB scheme through their banks or financial institutions. They need to fill in the application form and submit it along with the necessary documents and payment. The payment can be made through cash, cheque, demand draft or online transfer. The banks or financial institutions will then submit the application to the RBI on behalf of the investor. Investors can also apply for SGBs through the stock exchanges if they have a demat account.

Benefits of Investing in Sovereign Gold Bonds

Sovereign Gold Bonds offer several benefits to investors.

  • Firstly, they provide an opportunity for investors to invest in gold without actually buying the physical metal. This eliminates the need for storing, insuring, and transporting physical gold, which can be costly and risky.
  • Secondly, the interest rate offered by the government is significantly higher than other gold investments, which makes it an attractive investment option.
  • Thirdly, the exemption of capital gains tax on maturity provides a tax-efficient way of investing in gold.
  • Lastly, Sovereign Gold Bonds can be used as collateral for loans, providing investors with an additional source of funds.

Conclusion

The Sovereign Gold Bond scheme provides an excellent investment opportunity for individuals looking to invest in gold. The interest rate offered by the government, tax benefits, and the option to use the bonds as collateral for loans make them a compelling investment option. The March 2023 subscription window provides an opportunity for investors to invest in these bonds and diversify their portfolio. However, it is essential to consider factors such as market volatility and the prevailing gold prices before investing in SGBs. Overall, Sovereign Gold Bonds are an excellent investment option for individuals looking to invest in gold and diversify their portfolio.

Hopefully, this article helps you with all the details needed to make your investment decision.

Additionally, feel free to check out the 2023 SGB (Sovereign Gold Bonds) Calendar for the details of the other tranches already issued, or planned for 2023.

All the best in your investment journey!

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List of Bank Holidays in Daman and Diu [2023 Edition]

Real time date and time in Daman and Diu

List of Bank Holidays in Daman and Diu in 2023

  • January 26, 2023 (Thursday) - Republic Day
  • March 08, 2023 (Wednesday) - Holi
  • March 22, 2023 (Wednesday) - Gudi Padwa
  • March 30, 2023 (Thursday) - Ram Navami
  • April 04, 2023 (Tuesday) - Mahavir Jayanti
  • April 07, 2023 (Friday) - Good Friday
  • April 22, 2023 (Saturday) - Id-Ul-Fittr
  • August 15, 2023 (Tuesday) - Independence Day
  • August 16, 2023 (Wednesday) - Parsi New Year Day
  • August 30, 2023 (Wednesday) - Rakshabandhan
  • September 07, 2023 (Thursday) - Janmashtami
  • September 19, 2023 (Tuesday) - Vinayak Chaturthi
  • September 28, 2023 (Thursday) - Milad-Un-Nabi (Birthday Of Prophet Mohammad)
  • October 02, 2023 (Monday) - Gandhi Jayanti
  • October 24, 2023 (Tuesday) - Dussehra
  • November 13, 2023 (Monday) - Gowardhan Puja
  • December 25, 2023 (Monday) - Christmas

List of Bank Holidays in Dadra And Nagar Haveli [2023 Edition]

Real time date and time in Dadra And Nagar Haveli

List of Bank Holidays in Dadra And Nagar Haveli in 2023

  • January 26, 2023 (Thursday) - Republic Day
  • March 08, 2023 (Wednesday) - Holi
  • March 22, 2023 (Wednesday) - Gudi Padwa
  • March 30, 2023 (Thursday) - Ram Navami
  • April 04, 2023 (Tuesday) - Mahavir Jayanti
  • April 07, 2023 (Friday) - Good Friday
  • April 22, 2023 (Saturday) - Id-Ul-Fittr
  • August 15, 2023 (Tuesday) - Independence Day
  • August 16, 2023 (Wednesday) - Parsi New Year Day
  • August 30, 2023 (Wednesday) - Rakshabandhan
  • September 07, 2023 (Thursday) - Janmashtami
  • September 19, 2023 (Tuesday) - Vinayak Chaturthi
  • September 28, 2023 (Thursday) - Milad-Un-Nabi (Birthday Of Prophet Mohammad)
  • October 02, 2023 (Monday) - Gandhi Jayanti
  • October 24, 2023 (Tuesday) - Dussehra
  • November 13, 2023 (Monday) - Gowardhan Puja
  • December 25, 2023 (Monday) - Christmas

List of Bank Holidays in Chhattisgarh [2023 Edition]

Real time date and time in Chhattisgarh

List of Bank Holidays in Chhattisgarh in 2023

  • January 26, 2023 (Thursday) - Republic Day
  • February 18, 2023 (Saturday) - Mahashivratri
  • March 08, 2023 (Wednesday) - Holi
  • April 04, 2023 (Tuesday) - Mahavir Jayanti
  • April 07, 2023 (Friday) - Good Friday
  • April 22, 2023 (Saturday) - Id-Ul-Fittr
  • May 05, 2023 (Friday) - Buddha Poornima
  • June 29, 2023 (Thursday) - Eid-Ul Zuha
  • July 29, 2023 (Saturday) - Moharram
  • August 15, 2023 (Tuesday) - Independence Day
  • September 07, 2023 (Thursday) - Janmashtami
  • September 28, 2023 (Thursday) - Id-E-Milad
  • October 02, 2023 (Monday) - Mahatma Gandhi Jayanthi
  • October 24, 2023 (Tuesday) - Dussehra
  • November 27, 2023 (Monday) - Gurunanak Jayanti
  • December 25, 2023 (Monday) - Christmas

List of Bank Holidays in Chandigarh [2023 Edition]

Real time date and time in Chandigarh.

List of Bank Holidays in Chandigarh in 2023

  • January 26, 2023 (Thursday) - Republic Day
  • March 08, 2023 (Wednesday) - Holi
  • March 30, 2023 (Thursday) - Ram Navami
  • April 04, 2023 (Tuesday) - Mahavir Jayanti
  • April 07, 2023 (Friday) - Good Friday
  • April 14, 2023 (Friday) - Dr B R Ambedkar Jayanti
  • May 05, 2023 (Friday) - Buddha Poornima
  • June 29, 2023 (Thursday) - Eid-Ul Zuha
  • August 15, 2023 (Tuesday) - Independence Day
  • September 07, 2023 (Thursday) - Janmashtami
  • October 02, 2023 (Monday) - Birthday Of Gandhiji
  • October 24, 2023 (Tuesday) - Dussehra
  • November 12, 2023 (Sunday) - Diwali
  • November 27, 2023 (Monday) - Gurunanak Jayanti
  • December 25, 2023 (Monday) - Christmas

List of Bank Holidays in Bihar [2023 Edition]

Real time date and time in Bihar

List of Bank Holidays in Bihar in 2023

  • January 26, 2023 (Thursday) - Republic Day
  • March 08, 2023 (Wednesday) - Holi
  • March 09, 2023 (Thursday) - Holi
  • March 22, 2023 (Wednesday) - Bihar Day
  • March 30, 2023 (Thursday) - Ram Navmi
  • April 07, 2023 (Friday) - Good Friday
  • April 14, 2023 (Friday) - Dr B R Ambedkar Jayanti
  • April 22, 2023 (Saturday) - Id-Ul-Fittr
  • May 01, 2023 (Monday) - May Day
  • June 29, 2023 (Thursday) - Eid-Ul Zuha
  • July 29, 2023 (Saturday) - Moharram
  • August 15, 2023 (Tuesday) - Independence Day
  • September 06, 2023 (Wednesday) - Janmashtami
  • October 02, 2023 (Monday) - Mahatma Gandhi Jayanthi
  • October 22, 2023 (Sunday) - Durga Puja
  • October 23, 2023 (Monday) - Durga Puja
  • October 24, 2023 (Tuesday) - Durga Puja
  • November 12, 2023 (Sunday) - Deepawali
  • November 19, 2023 (Sunday) - Chhat Puja
  • November 20, 2023 (Monday) - Chhat Puja
  • December 25, 2023 (Monday) - Christmas

List of Bank Holidays in Assam [2023 Edition]

Real time date and time in Assam

List of Bank Holidays in Assam in 2023

  • January 15, 2023 (Sunday) - Magh Bihu
  • January 26, 2023 (Thursday) - Republic Day
  • March 07, 2023 (Tuesday) - Dol Jatra
  • April 14, 2023 (Friday) - Bohag Bihu
  • April 15, 2023 (Saturday) - Bohag Bihu
  • April 16, 2023 (Sunday) - Bohag Bihu
  • April 22, 2023 (Saturday) - Id-Ul-Fittr
  • May 01, 2023 (Monday) - May Day
  • June 29, 2023 (Thursday) - Eid-Ul Zuha
  • August 15, 2023 (Tuesday) - Independence Day
  • August 18, 2023 (Friday) - Tithi Of Shrimanta Sankardeva
  • September 25, 2023 (Monday) - Janmotsav Of Shrimanta Sankardeva
  • October 02, 2023 (Monday) - Mahatma Gandhi Jayanthi
  • October 18, 2023 (Wednesday) - Kati Bihu
  • October 21, 2023 (Saturday) - Durga Puja
  • October 22, 2023 (Sunday) - Durga Puja
  • October 23, 2023 (Monday) - Durga Puja
  • October 24, 2023 (Tuesday) - Durga Puja
  • November 12, 2023 (Sunday) - Kali Puja & Dipawali
  • December 25, 2023 (Monday) - Christmas

List of Bank Holidays in Arunachal Pradesh [2023 Edition]

Real time date and time in Arunachal Pradesh

List of Bank Holidays in Arunachal Pradesh in 2023

  • January 01, 2023 (Sunday) - New Year's Day
  • January 14, 2023 (Saturday) - Makar Sankranti
  • January 26, 2023 (Thursday) - Republic Day
  • February 20, 2023 (Monday) - Statehood Day
  • March 08, 2023 (Wednesday) - Holi
  • April 07, 2023 (Friday) - Good Friday
  • April 15, 2023 (Saturday) - Bhag Bihu
  • April 22, 2023 (Saturday) - Id-Ul-Fittr
  • May 05, 2023 (Friday) - Buddha Poornima
  • August 15, 2023 (Tuesday) - Independence Day
  • October 02, 2023 (Monday) - Birthday Of Gandhiji
  • October 23, 2023 (Monday) - Dussera ( Maha-Navami )
  • October 24, 2023 (Tuesday) - Dussehra
  • November 12, 2023 (Sunday) - Diwali
  • November 27, 2023 (Monday) - Guru Nanak's Birthday
  • December 01, 2023 (Friday) - Indigenous Faith Day
  • December 25, 2023 (Monday) - Christmas