Sovereign Gold Bond Scheme 2023-24 Series IV Opens Today, Check Price Here - In PICS

The Sovereign Gold Bond Scheme 2023-24 - Series IV opens for subscription today, for a period of five days

The issue price for the bond has been set at Rs 6,263 per gram

The banking regulator in collaboration with the Indian govt announced a discount of Rs 50 per gram to investors applying for the bond online and opting to make the payment for the application digitally. Getty

For such investors making the payment digitally, the effective issue price of the bond will be Rs 6,213 per gram. Getty

A resident individual, Hindu Undivided Family (HUF), trusts, universities, and charitable organisations are eligible to buy the bond. Getty

The maximum subcription limit is 4 kg each for resident individuals and HUF, on an annual basis. Getty

Trusts and other organisations are allowed to buy a maximum of 20 kg, per fiscal year. Getty

The gold bond has a tenure of 8 years and allows investors to avail premature redemption after the 5th year. Getty

Investors receive compensation at a fixed rate of 2.50 per cent per annum, paid on a semi-annual basis on the nominal value. Getty