Executive Summary:
This document announces Series III and IV of the Sovereign Gold Bond (SGB) Scheme 2022-23, as per the Government of India's notification dated December 15, 2022. Series III is open for subscription from December 19 to December 23, 2022, with an issue date of December 27, 2022. Series IV is open for subscription from March 06 to March 10, 2023, with an issue date of March 14, 2023. Applications can be submitted at designated receiving offices.
Key Points / Main Content:
SGB Scheme 2022-23 - Series III & IV:
* Distinct series (III & IV) for each tranche as per notification F.No4.6B WM2022.
Dates of Issuance:
* Series III: Subscription from December 19 to December 23, 2022; Issue Date: December 27, 2022.
* Series IV: Subscription from March 06 to March 10, 2023; Issue Date: March 14, 2023.
* Subscription is open Monday to Friday during specified dates. Central Government may close the Scheme early with prior notice.
Application Process:
* Use prescribed application form (Form A) or similar, clearly stating gold units and applicant details.
* Valid PAN is mandatory for all applicants.
* Receiving Offices: Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd, National Stock Exchange of India Ltd, and Bombay Stock Exchange Ltd.
* Receiving Offices accept applications directly or via agents and provide customer service.
* Form B serves as the acknowledgment receipt.
* Online applications require investor email ID to be uploaded on the Ekuber portal with subscription details.
Responsibilities of Receiving Offices:
* Provide service to SGB investors, guided by RBI regulations.
* Follow Consolidated Procedural Guidelines (circular IDMD.CDD.110014.04.0502021 22 dated October 22, 2021, updated as on October 04, 2022) available on the RBI website.
General Terms:
* All other terms and conditions are as specified in GOI notification F.No.42WM2018 dated March 27, 2018.
Impact Analysis:
Investors:
* Impact: Opportunity to invest in Sovereign Gold Bonds with specific subscription and issue dates for Series III and IV. Must adhere to application requirements, including PAN details and prescribed forms.
* Action Required: Prepare applications with valid PAN details, select the appropriate series, and submit within the specified subscription period.
Receiving Offices (Designated Banks, Post Offices, Stock Exchanges, SHCIL, CCIL):
* Impact: Responsible for accepting applications, providing customer service, and adhering to RBI guidelines for SGB scheme.
* Action Required: Ensure readiness to receive applications for Series III and IV within specified dates, provide necessary forms and guidance to investors, and follow RBI's Consolidated Procedural Guidelines.
Reserve Bank of India (RBI):
* Impact: Oversees the implementation of the SGB scheme and provides guidelines to Receiving Offices.
* Action Required: Ensure the Ekuber portal is updated to accommodate online applications, provide updated guidelines and support to receiving offices.
Key Entities Referenced
Reserve Bank of India: Central bank of India, the issuer of the notification.
Sovereign Gold Bond Scheme 2022-23: A scheme by the Government of India to allow investment in gold bonds.
Government of India: The governing authority that announced the Sovereign Gold Bond Scheme 2022-23.
National Stock Exchange of India Ltd: A recognized stock exchange in India, authorized to receive applications for the Sovereign Gold Bonds.
Bombay Stock Exchange Ltd: A recognized stock exchange in India, authorized to receive applications for the Sovereign Gold Bonds.
Stock Holding Corporation of India Ltd.: An entity authorized to receive applications for the Sovereign Gold Bonds.
Clearing Corporation of India Ltd.: An entity authorized to receive applications for the Sovereign Gold Bonds.
Ministry of Finance, Department of Economic Affairs: A department of the Government of India involved in specifying the terms and conditions of the bonds.
भारतीय �रज़व� ब�क
RESERVE BANK OF INDIA
RBI/2022-23/156
IDMD.CDD.No.S2581/14.04.050/2022-23 December 16, 2022
Scheduled Commercial Banks (as per the list attached),
Designated Post Offices (as per the list attached)
Stock Holding Corporation of India Ltd.
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.
Clearing Corporation of India Ltd.
Madam/Dear Sir,
Sovereign Gold Bond (SGB) Scheme 2022-23
Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated
December 15, 2022, has announced Series III and IV of Sovereign Gold Bond Scheme
2022-23. Under the Scheme, there will be a distinct series (Series III and IV) for every
tranche. The terms and conditions of the issuance of the Bonds shall be as per the
above notification.
2. Date of Issue
The bonds shall be issued as per the details given below:
S. No. Tranche Date of Subscription Date of Issuance
1. 2022-23 Series III December 19- December 23, 2022 December 27, 2022
2. 2022-23 Series IV March 06 –March 10, 2023 March 14, 2023
3. Period of subscription
The Subscription of the Gold Bonds under this Scheme shall be open (Monday to
Friday) on the dates specified above, provided that the Central Government may, with
prior notice, close the Scheme at any time before the period specified above.
____________________________________________________________________
आंत�रक ऋण प्रबंध िवभाग, क�द्रीय काया�लय, क�द्रीय काया�लय भवन, 23 वी ंमंिज़ल, शहीद भगत िसंह माग�, मुंबई - 400 001, भारत
फोन: (022)-22661602-04; फै� : (022)-22644158, 22705125; ई-मेल: cgmidmd@rbi.org.in
Internal Debt Management Department, Central Office, Central Office Building, 23rd Floor, Shahid Bhagat Singh Marg, Mumbai-400 001, India Tel:
(022)-22661602-04; Fax: (022)-22644158, 22705125; E-mail: cgmidmd@rbi.org.in
िहंदी आसान है, इसका प्रयोग बढ़ाइए4. Application
Subscription for the Bonds may be made in the prescribed application form Form A or
in any other form as near as thereto, stating clearly the grams (in units) of gold and
the full name and address of the applicant. Every application must be accompanied
by valid ‘PAN details’ issued by the Income Tax Department to the investor(s).
Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding
Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock
exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange
Ltd are the Receiving Offices which are authorized to receive applications for the
Bonds either directly or through agents and render all services to the customers. The
Receiving Office shall issue an acknowledgment receipt in Form B to the applicant.
5. All online applications should be accompanied by email Id of the investor/s which
should be uploaded on the Ekuber portal of Reserve Bank of India along with the
subscription details.
6. In addition to receipt of application, the Receiving Offices are also entrusted with
the responsibility of providing service to the investors of the SGB and are required to
be guided by the rules and regulations issued by Reserve Bank in this regard from
time to time. With a view to facilitate availability of all current operative instructions
regarding servicing of these bonds at one place, Reserve Bank has issued
Consolidated Procedural Guidelines vide circular IDMD.CDD.1100/14.04.050/2021-
22 dated October 22, 2021 (updated as on October 04, 2022) and the same is
available on RBI website. The Receiving Offices shall be guided by these instructions
while dealing with all the procedural aspects and providing service to the investors.
7. All other terms and conditions specified in the notification of the Government of
India, Ministry of Finance (Department of Economic Affairs) F.No.4(2)-W&M/2018
dated March 27, 2018 shall apply to the Bonds.
Yours faithfully,
(Raksha Mishra)
General Manager