RBI issued the notification regarding the Sovereign Gold Bond Scheme 2023-24 Series I. It is available for subscription from 19th June 2023 to 23rd June 2023. Should you invest?
This is the first series available in this financial year of 2023-24.
This Gold Bonds scheme was launched in November 2015. The government launched this scheme to reduce the demand for physical gold. Indians buy around 300 tons of gold every year. This is to be imported from outside countries. Let us see the silent features of this scheme.
The Bonds shall be issued in the form of Government of India Stock in accordance with section 3 of the Government Securities Act, 2006. The investors will be issued a Holding Certificate (Form C). The Bonds shall be eligible for conversion into de-mat form.
Sovereign Gold Bond Scheme 2023-24 Series I Features
Let us first try to understand the features of Sovereign Gold Bond Scheme 2023-24 Series I.
# Dates to subscribe
Sovereign Gold…
