The Sovereign Gold Bond Scheme 2023–24 Series IV has an issue price of Rs 6,263. The subscription period is from February 12 to 16, 2024. Investors receive a fixed interest rate of 2.5% per annum. The bond has a tenor of 8 years with an exit option from the 5th year onwards.
The Reserve Bank of India (RBI) issues SGB on behalf of the Indian government. The SGB Series 2023-24 Series IV will open for subscription on February 12, 2024 and will close for subscriptions on February 16, 2024.