{"id":270621,"date":"2023-12-18T16:00:26","date_gmt":"2023-12-18T16:00:26","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=270621"},"modified":"2023-12-19T07:30:59","modified_gmt":"2023-12-19T07:30:59","slug":"earn-golden-returns-invest-in-sgb-tranche-2023-24-series-iii-on-bajaj-markets","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2023\/12\/earn-golden-returns-invest-in-sgb-tranche-2023-24-series-iii-on-bajaj-markets\/","title":{"rendered":"Earn Golden Returns: Invest in SGB Tranche 2023-24 Series III on Bajaj Markets"},"content":{"rendered":"

Business Wire India<\/b><\/p>\n

Individuals can now start investing in the Sovereign Gold Bond<\/a> (SGB) tranche 2023-24 Series III on Bajaj Markets, a subsidiary of Bajaj Finserv. The subscription window, as per RBI\u2019s notification, is from 18th<\/sup> to 22nd<\/sup> December 2023.<\/p>\n

Here\u2019s an overview of the prices fixed for the latest SGB tranche:\n<\/p><\/div>\n\n\n\n\n\n
Investment Mode<\/strong><\/td>\nPrice (per gram)<\/strong><\/td>\n<\/tr>\n
Online Applications<\/td>\nRs. 6,149<\/td>\n<\/tr>\n
Offline Applications<\/td>\nRs. 6,199<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nDisclaimer: These rates are as per RBI\u2019s notification, dated 15th<\/sup> December 2023. <\/em><\/p>\n

This means, individuals investing in SGBs online get a Rs. 50\/gram discount. Upon subscription, investors receive a Holding Certificate as proof of their investment. The date of issuance for this tranche is December 28, 2023.<\/p>\n

Investors can choose flexible denominations for SGB subscriptions, starting from a minimum of one gram. For individuals, the investment limit has been fixed at a minimum of 1 gram and a maximum of 4 kgs.<\/p>\n

Here are some features and benefits of investing in SGBs:\n<\/p><\/div>\n

    \n
  • Backed by Reserve Bank of India<\/li>\n
  • 2.50% p.a. assured return<\/li>\n
  • 8-year maturity period<\/li>\n
  • Returns are linked with gold prices<\/li>\n
  • Gifting\/transfer of SGBs is available, if sender and receiver are eligible<\/li>\n
  • Trade bonds on stock exchanges, if investment is held in Demat account<\/li>\n
  • Premature redemption option available from 5th<\/sup> year<\/li>\n<\/ul>\n
    \nOne can start investing in SGBs from 18th<\/sup> December by visiting Bajaj Markets website or downloading the app. Additionally, they can explore similar secure and stable investment options like tax-saver FDs and National Pension Scheme (NPS).\u00a0\"\"<\/div>\n

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