The Sovereign Gold Bond (SGB) Scheme 2023-24, announced by the Government of India, offers individuals and eligible entities an opportunity to invest in gold in a convenient and secure manner. The SGBs are issued by the Reserve Bank of India (RBI) on behalf of the government, serving as an alternative to physical gold investments. Here are the essential details and features of the SGB Scheme 2023-24.
Denomination: The SGBs are denominated in multiples of grams, with the basic unit being one gram of gold.
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It’s important to note that these limits are subject to government notifications and include SGBs purchased from different tranches and the secondary market during the fiscal year.
Issuance and Trading: SGBs are sold through various channels, including scheduled commercial banks, Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognized stock exchanges such as the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
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