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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

RBI notification on Issuance of Sovereign Gold Bond (SGB) Scheme 2023-24

11-Dec-2023 | RBI/2023-2024/87 IDMD.CDD. No.2128/14.04.050/2023-24

RBI has issued a notification in furtherance of the Sovereign Gold Bond (SGB) Scheme 2023-24 issued by Government of Indian on 8th December, 2023. By virtue of this notification the Reserve Bank of India has specified that:- 1. The Subscription of the Gold Bonds under the Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above. 2. Designated Schedule Commercial Banks , Designated Post offices , Stock Holding Corporation of India Ltd., Clearing Corporation of India Ltd. and the recognized stock exchanges, viz. National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd. are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers. The Receiving Offices are also entrusted with the responsibility of providing service to the investors of the SGB and are required to be guided by the instructions issued by the Reserve Bank of India in this regard from time to time. All other terms and conditions specified in the notification of the Government of India, Ministry of Finance (Department of Economic Affairs) F.No.4(2)-W&M/2018 dated March 27, 2018 shall apply to the Bonds.

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