Sovereign Gold Bond 2022-23: Series III subscription to open on Dec 19

The applications will close on December 23 and the Sovereign Gold Bonds will be issued on December 27

The Ministry of Finance on Thursday said that the subscription for Series III of the Sovereign Gold Bond Scheme 2022-23 will open on December 19. The applications will close on December 23 and they will be issued on December 27. 

"The interest on the Gold Bonds shall commence from the date of issue and shall be paid at a fixed rate of 2.50 per cent per annum on the nominal value of the bond...The interest shall be payable in half-yearly rests and the last interest shall be payable along with the principal on maturity," the notification by the ministry read.