RBI Issues Instructions to Banks w.r.t. Sovereign Gold Bond Scheme 2023-24
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- Last Updated on 19 June, 2023
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Circular No. RBI/2023-24/44 IDMD.CDD.No.S650/14.04.050/2023-24, Dated: 15.06.2023
The Govt. announced Sovereign Gold Bond Scheme 2023-24 on 14.06.2023. The Sovereign Gold Bonds will be issued in two tranches and the period of subscription would be June 19-June 23, 2023 and September 11-September 15, 2023. 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 units (in grams) of gold and the full name and address of the applicant.
Further, every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investors. The Receiving Officer shall issue an acknowledgment receipt in Form B to the applicant. Also, all online applications must be accompanied by the email id of the investors which should be uploaded on the Ekuber portal of the RBI along with the subscription details.
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