Table of Contents
Introduction
Via a press release dated 19th August 2022, the Government of India has announced the details of the second tranche of the Sovereign Gold Bonds for the Financial Year 2022-23 i.e. the issue dates and issue price details for the August 2022 tranche for the Financial Year 2022-23.
SGB (Sovereign Gold Bonds) August 2022 Dates
What dates will the Sovereign Gold Bonds be available for application in August 2022?
The Sovereign Gold Bond Scheme 2022-23 – Series 02 (2022 August SGB series) will be open for subscription from August 22, 2022 (Monday) to August 26, 2022 (Friday). The details information on the Issue Details are as follows:
Issue Details of SGB August 2022 i.e. 2022-23 Series II Tranche
| Issue Name | Sovereign Gold Bonds Scheme 2022-23 – Series 2 (Series II) |
| Security Symbol | SGB222302 |
| ISIN | INxxxxxxxx |
| Issue Period | August 22, 2022 to August 26, 2022 |
| Issue Price (per gram of gold) | Online Mode: ₹ 5,147 per gram | Offline Mode: ₹ 5,197 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 | August 30, 2022 (Friday) |
| Date of Listing | TBC |
Conclusion
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!