Sovereign Gold Bond Scheme 2023–24 Series IV: What is the allotment date of the latest SGB tranche?
Sovereign Gold Bond Scheme 2023–24 Series IV schedule for the fiscal year 2023-2024. The SGB Series 2023-24 Series IV opened for subscription on February 12, 2024. The current SGB tranche will close for subscriptions on February 16, 2024.
SGB 2023-24 Series IV issue price
The issue price of the SGB 2023-24 Series IV is Rs 6,263. For online payments, Rs 50 will be deducted, bringing the issue price to Rs 6,213.
Also read: Latest Sovereign Gold Bond tranche open for subscription: 5 ways to invest in SGB 2023-24 Series-IV
How many days it takes for SGB to reflect in demat account?
The allotment will be done on February 21, if the application is successful.
Investors looking for twin engines of quality and growth.
According to the Kotak Securities website, “The process is relatively straightforward if you have purchased SGBs online using a Demat account. After the issuance, it will reflect in your Demat account portfolio. However, please note that it may take approximately 1 to 2 weeks for the SGBs to appear in your portfolio.”
After successful allotment, log in to your account and go to the portfolio area. You should be able to find out the details of your SGB holdings, such as the number, series, issuance date, maturity date, and other pertinent information, in this section.
SGB interest rate
The investor receives a fixed interest rate of 2.5%. per annum for the current series payable semi-annually on the nominal value. The fixed interest earned is independent of the capital appreciation of Gold Bonds.
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