The government of India notified Sovereign Gold Bonds 2023-24 (Series II) and the same will be opened for subscription during the period September 11-15, 2023.
The issue price of the Bond during the subscription period shall be Rs. 5,923 per gram, however government offers a discount of Rs. 50 per gram from the issue price for payments made through digital modes.
SGB tenor will be for 8 years and offers a fixed rate of 2.50% per annum. However, the exit option is also available after 5th year.