Sovereign Gold Bond Scheme 2022: Subscription opens today - Check issue price, how to buy RBI gold bond | SGB 2022 Price, SGB 2022 Interest Rate

Sovereign Gold Bond Scheme 2022, SGB 2022 Price, SGB 2022 Interest Rate, RBI Gold Bond Price Today, SGB Latest Issue: The government is all set to launch the next tranche of Sovereign Gold Bonds (SGBs). According to a release by the Government of India, Sovereign Gold Bond 2022-23 Series III tranche will open for subscription today i.e. December 19. Those who want to invest in SGB in 2022 can do so till December 23. It is to be noted that the fourth tranche would be issued on March 14, 2023. 

Sovereign Gold Bond Scheme 2022-23 (Series III) – Issue Price

The Government of India, in consultation with the Reserve Bank of India, has fixed the issue price at Rs 5,409. 

However, those investors who will choose to apply online and make payment through digital mode will get a discount of Rs 50 per gram. Therefore, the issue price of a Gold Bond for such investors will be Rs 5,359 per gram of gold.

Where to buy Sovereign Gold Bond?

The SGBs will be sold through scheduled commercial banks like the State Bank of India (SBI), HDFC Bank and others. Sovereign Gold Bonds can also be purchased from Stock Holding Corporation of India Ltd (SHCIL), Clearing Corporation of India Ltd (CCIL), designated post offices and recognised stock exchanges, namely the National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd. 

Sovereign Gold Bond: Tenure, Premature Redemption 

The tenure of the SGB will be for a period of eight years with an option of premature redemption after fifth year. Premature redemption can be done on the date on which interest is payable.

Sovereign Gold Bond: Minimum and Maximum Investment

The minimum permissible investment in SGBs will be one gram of gold.

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) notified by the government from time to time. 

Sovereign Gold Bond: Is it a good investment?

Investing in Sovereign Gold Bonds are considered to be a much better option than investing in physical gold or even digital gold. There is an added assurance of the safety of the investment as the scheme is backed by the government and is regulated by the RBI. 

The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.