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Introduction to SGB June 2022 Tranche Details
Finally, after a long period, the Sovereign Gold Bonds are back. Via a press release dated 16th June 2022, the Government of India has announced the commencement dates for the SGB dates for the Financial Year 2022-23.
SGB (Sovereign Gold Bonds) June 2022 Dates
What dates will the Sovereign Gold Bonds be available for application in June 2022?
The Sovereign Gold Bond Scheme 2022-23 – Series 01 (2022 June SGB series) will be open for subscription from June 20, 2022 (Monday) to June 24, 2022 (Friday). The details information on the Issue Details are as follows:
Issue Details of SGB March 2022 2022-23 Series I Tranche
|Issue Name||Sovereign Gold Bonds Scheme 2022-23 – Series 1 (Series I)|
|Issue Period||June 20, 2022 to June 24, 2022|
|Issue Price (per gram of gold)||Online Mode: ₹ 5,041 per gram | Offline Mode: ₹ 5,091 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||June 28, 2022 (Friday)|
|Date of Listing||TBC|
Hopefully, this article helps you with all the details needed to make your investment decision.
Additionally, feel free to check out the 2022 SGB (Sovereign Gold Bonds) Calendar for the details of the other tranches already issued, or planned for 2022.
All the best in your investment journey!