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First tranche of 2022-23 gold bonds to open for subscription on June 20

The RBI further said that the second tranche (2022-23 Series II) will be available for subscription during August 22-26, 2022

Photo: Reuters
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Photo: Reuters

Press Trust of India Mumbai
The first tranche of Sovereign Gold Bond (SGB) for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday.
 
The RBI further said that the second tranche (2022-23 Series II) will be available for subscription during August 22-26, 2022.
The central bank issues the bonds on behalf of the Government of India, and these bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.
 
"The tenor of the SGB will be for a period of eight years with an option of premature redemption after 5th

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 16 2022 | 5:53 PM IST

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