Via a press release dated 16th December 2022, the Government of India has announced the details of the third tranche of the Sovereign Gold Bonds for the Financial Year 2022-23 i.e. the issue dates and issue price details for the December 2022 tranche for the Financial Year 2022-23.
SGB (Sovereign Gold Bonds) December 2022 Dates
What dates will the Sovereign Gold Bonds be available for application in December 2022?
The Sovereign Gold Bond Scheme 2022-23 – Series 03 (2022 December SGB series) will be open for subscription from December 19, 2022 (Monday) to December 23, 2022 (Friday). The details information on the Issue Details are as follows:
Issue Details of SGB December 2022 i.e. 2022-23 Series III Tranche
Issue Name
Sovereign Gold Bonds Scheme 2022-23 – Series 3 (Series III)
Security Symbol
SGB222303
ISIN
INxxxxxxxx
Issue Period
December 19, 2022 to December 23, 2022
Issue Price (per gram of gold)
Online Mode: ₹ 5,359 per gram | Offline Mode: ₹ 5,409 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 Multiples
You may apply in multiples of 01 gram, until the specified maximum quantities.
Rate of Interest
The 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 Allotment
December 27, 2022 (Tuesday)
Date of Listing
TBC
Conclusion
Hopefully, this article helps you with all the details needed to make your investment decision.
Hello there. You may have chanced upon this article in case you may have wanted to know about the special trading day called “Diwali Muhurat Trading” day, and/or had one of the following doubts viz.
What is Muhurat Trading?
What is the origin story for this special day of trading, which is not seen in any other country’s stock exchanges
What date/time can I carry out Muhurat trading this year.
This article hopefully will answer your question. So, let’s begin…
What is Diwali Muhurat Trading?
Diwali Muhurat Trading is a special day during the festival of Diwali, when the Indian stock exchanges (viz. the NSE, and the BSE) have a special one (01) hour symbolic trading session, in the evening (during the non-working hours).
On this day, it is generally considered auspicious to buy stocks, as a tribute to the Hindu Goddess Lakshmi.
What date is Diwali Muhurat Trading this year?
This year, the trading session will be on 12th November 2023 (TBC).
Start of Muhurat trading Session: TBC
End of Muhurat trading session: TBC
However, do note that there is no trading during the usual 0915-1530 hours on the day of the Muhurat trading.
History of the practice
There is no documented history of the origin of the Muhurat Trading. But, the speculation is that this may have started eons ago, when the traders, and brokers (who were mainly Marwari, and Gujarati) would make symbolic purchases of the companies they wished to hold for a long time. Also, word-of-mouth accounts indicate that Diwali was considered auspicious to start new trading accounts for prospective clients as well. Hence, this could also be the origin story. However, no documented records indicate the actual story.
Conclusion:
Hopefully, this article answers any of the questions that you (the reader) may have had about this unique practice of Muhurat trading. If interested, feel free to check out the other wiki articles, or how-to guides on our website.
Thank you, and all the best in your investment journey!
