List Of Sovereign Gold Bonds SGB In India 2015 – 2024

Find the complete list of sovereign gold bonds in India from 2015 to 2024 includeds issue details, issue date, maturity year, and issue price at one place.

List Of Sovereign Gold Bonds SGB In India 2015 – 2024

Sovereign gold bonds turned out to be most popular among many Indians. Considering the affection for gold, the government of India started this product in 2015. The Bonds shall be issued in the form of Government of India Stock in accordance with section 3 of the Government Securities Act, 2006. The investors will be issued a Holding Certificate (Form C). The Bonds shall be eligible for conversion into de-mat form.

Before you make a decision to buy or invest in Sovereign Gold Bonds (either of old issues or new issues), have a look at all the articles I have written on gold.

Features of Sovereign Gold Bond

# Who can invest?

Resident Indian entities including individuals (in his capacity as such individual, or on behalf of a minor child, or jointly with any other individual.), HUFs, Trusts, Universities, and Charitable Institutions can invest in such bonds.

Hence, NRIs are not allowed to participate in the Sovereign Gold Bond Scheme.

# Tenure of the Bond

The tenor of the Bond will be for a period of 8 years with an exit option from the 5th year to be exercised on the interest payment dates.

Hence, after the 5 years onward you can redeem it on the 6th, 7th, or at maturity of the 8th year. Before that, you can’t redeem.

RBI/depository shall inform the investor of the date of maturity of the Bond one month before its maturity.

# Minimum and Maximum investment

You have to purchase a minimum of 1 gram of gold. The maximum amount subscribed by an entity will not be more than 4 kgs per person per fiscal year (April) for individuals and HUF and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March).

In the case of joint holding, the investment limit of 4 kg will be applied to the first applicant only. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the Government and those purchased from the secondary market.

The ceiling on investment will not include the holdings as collateral by banks and other Financial Institutions.

#Interest Rate

You will receive a fixed interest rate of 2.50% per annum payable semi-annually on the nominal value. Such interest rate is on the value of money you invested initially but not on the bond value as on the date of interest payout.

Interest will be credited directly to your account which you shared while investing.

# Issue Price

The price of SGB will be fixed in Indian Rupees on the basis of a simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited (IBJA) for the last three working days of the week preceding the subscription period. The issue price of the SGBs will be less by Rs.50 per gram for the investors who subscribe online and pay through digital mode.

# Payment Option

Payment shall be accepted in Indian Rupees through cash up to a maximum of Rs.20,000/- or Demand Drafts or Cheque or Electronic banking. Where payment is made through cheque or demand draft, the same shall be drawn in favor of receiving an office.

# Issuance Form

The Gold bonds will be issued as Government of India Stock under the GS Act, 2006. The investors will be issued a Holding Certificate for the same. The Bonds are eligible for conversion into Demat form.

# Where to buy Sovereign Gold Bond?

Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated Post Offices (as may be notified), and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.

Click HERE to find out the list of banks to Sovereign Gold Bond Scheme.

# Loan against Bonds

The Bonds may be used as collateral for loans. The Loan to Value ratio will be applicable to ordinary gold loans mandated by the RBI from time to time. The lien on the Bonds shall be marked in the depository by the authorized banks. The loan against SGBs would be subject to the decision of the lending bank/institution, and cannot be inferred as a matter of right by the SGB holder.

# Liquidity of the Bond

As I pointed out above, after the 5th year onwards you can redeem the bond in the 6th or 7th year. However, the bond is available to sell in the secondary market (stock exchange) on a date as notified by the RBI.

Hence, you have two options. You can redeem it in the 6th or 7th year or sell it secondary market after the notification of RBI.

Do remember that the redemption price will be in Indian Rupees based on the previous week’s (Monday-Friday) simple average of the closing price of gold of 999 purity published by IBJA.

# Nomination

You can nominate or change the nominee at any point in time by using Form D and Form E.  An individual Non – resident Indian may get the security transferred in his name on account of his being a nominee of a deceased investor provided that:

  1. The non-resident investor shall need to hold the security till early redemption or till maturity, and
  2. the interest and maturity proceeds of the investment shall not be repatriable.

Transferability

The Bonds shall be transferable by execution of an Instrument of transfer as in Form ‘F’, in accordance with the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulations, 2007, published in part 6, Section 4 of the Gazette of India dated December 1, 2007.

# Redemption

As I explained above, you have the option to redeem only on the 6th, 7th, and 8th year (automatic and end of bond tenure). Hence, there are two methods one can redeem Sovereign Gold Bonds. Explaining both below.

a) At the maturity of the 8th year-The investor will be informed one month before maturity regarding the ensuing maturity of the bond. On the completion of the 8th year, both interest and redemption proceeds will be credited to the bank account provided by the customer at the time of buying the bond.

In case there are changes in any details, such as account number, or email IDs, then the investor must inform the bank/SHCIL/PO promptly.

b) Redemption before maturity – If you plan to redeem before maturity i.e. 8th year, then you can exercise this option on the 6th or 7th year.

You have to approach the concerned bank/SHCIL offices/Post Office/agent 30 days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.

# Taxation

There are three aspects of taxation. Let us see one by one.

1) Interest Income-The semi-annual interest income will be taxable income for you. Hence, For someone in the 10%, 20%, or 30% tax bracket, the post-tax return comes to 2.25%, 2%, and 1.75% respectively. This income you have to show under the head of “Income from Other Sources” and have to pay the tax accordingly (exactly like your Bank FDs).

2) Redemption of Bond-As I said above, after the 5th year onward you are eligible to redeem it on the 6th,7th, and 8th year (last year). Let us assume at the time of investment, the bond price is Rs.2,500 and at the time of redemption, the bond price is Rs.3,000. Then you will end up with a profit of Rs.500. Such capital gain arising due to redemption by an individual is exempted from tax.

3) Selling in the secondary market of the Stock Exchange-There is one more taxation that may arise. Let us assume you buy today the Sovereign Gold Bond Scheme 2023-24 Series I and sell it on the stock exchange after a year or so. In such a situation, any profit or loss from such a transaction will be considered as a capital gain.

Hence, if these bonds are sold in the secondary market before maturity, then there are two possibilities.

# Before 3 years-If you sell the bonds within three years and if there is any capital gain, such capital gain will be taxed as per your tax slab.

# After 3 years – If you sell the bonds after 3 years but before maturity, then such capital gain will be taxed at 20% with indexation.

There is no concept of TDS. Hence, it is the responsibility of investors to pay the tax as per the rules mentioned above.

# Whom to approach in case of any issues?

The issuing banks/SHCIL offices/Post Offices/agents through which these securities have been purchased will provide other customer services such as change of address, early redemption, nomination, grievance redressal, transfer applications, etc.

Along with this, a dedicated e-mail has been created by the Reserve Bank of India to receive queries from members of the public on Sovereign Gold Bonds. Investors can mail their queries to this email id. Below is the e-mail id

RBI Email ID in case of Sovereign Gold Bonds-[email protected]

Advantages Of The Sovereign Gold Bond Scheme

# After the GST entry, this Sovereign Gold Bond may be advantageous over physical Gold coins or bars. This product will not come under GST taxation. However, in the case of Gold coins and bars, earlier the VAT was at 1% to 1.2%, which is now raised to 3%.

# If you hold it till maturity or redeem it as and when the bonds are eligible, then the gain is tax-free.

# If your main purpose is to invest in gold, then apart from the physical form, investing in ETF or in Gold Funds, seems to be a better option. Because you do not need to worry about physical safekeeping, no fund charges (like ETF or Gold Funds) and the Demat account is not mandatory.

# In Sovereign Gold Bond, the additional benefit apart from the typical physical or paper gold investment is the annual interest payment on the money you invested.

Hence, there are two types of income possibilities. One is interest income from the investment and the second is price appreciation (if we are positive on gold). Hence, along with price appreciation, you will receive interest income also.

But do remember that such interest income is taxable. Also, to avoid tax, you have to redeem it only on the 6th, 7th, or 8th year. If you sell in the secondary market, then such gain or loss will be taxed as per capital tax gain rules.

# There is no TDS from the gain. Hence, you do not need to worry about the TDS part like Bank FDs.

# A sovereign guarantee of the Government of India will make you SAFE.

Disadvantages Of The Sovereign Gold Bond Scheme

# If you are planning to invest in your physical usage after 8 years, then simply stay away from this. Because Gold is an asset, which gives you volatility like the stock market but the returns of your debt products like Bank FDs or PPF.

# The key point to understand is also that the interest income of 2.5% is on the initial bond purchase amount but not the yearly bond value. Hence, let us say you invested Rs.2,500, then they pay interest of 2.5% on Rs.2,500 only even though the price of gold moved up and the value of such investment is Rs.3,000.

# Liquidity is the biggest concern. Your money will be locked for 5 years. Also, redemption is available only once a year after 5th year.

In case you want to liquidate in a secondary market, then it is hard to find the right price, and capital gain tax may ruin your investment.

# Sovereign guarantee of the Government of India may feel you secure. However, the redemption amount is purely based on the price movement of the gold. Hence, if there is a fall in the gold price, then you will get that discounted price only. The only guarantee here is a 2.5% return on your invested amount and NO DEFAULT RISK.

List Of Sovereign Gold Bonds SGB In India 2015 – 2024

Below is the complete list Of Sovereign Gold Bonds SGB In India 2015 – 2024. I have provided the NSE Code, issue details, issue date, maturity date, and issued price.

List of Sovereign Gold Bonds in India 2015 – 2024
(www.basunivesh.com)
NSE CodeBond DetailsIssue DateMaturity DateIssued Price
SGBFEB32IVSovereign Gold Bonds 2023-24-Series-IV21st Feb 2024Feb-20326263
SGBDE31IIISovereign Gold Bonds 2023-24-Series-III28th Dec 2023Dec-20316199
SGBSEP31IISovereign Gold Bonds 2023-24-Series-II20th Sep 2023Sep-20315873
SGBJUN31ISovereign Gold Bonds 2023-24-Series-I27th Jun 2023June-20315876
SGBMAR31IVSovereign Gold Bonds 2022-23-Series-IV14th Mar 2023Mar-20315561
SGBDE30IIISovereign Gold Bonds 2022-23-Series-III27th Dec 2022Dec-20305359
SGBAUG30Sovereign Gold Bonds 2022-23-Series-II30th Aug 2022Aug-20305147
SGBJUN30Sovereign Gold Bonds 2022-23-Series-I28th Jun 2022Jun-20305041
SGBMAR30XSovereign Gold Bonds 2021-22-Series-X8th Mar 2022Mar-20305059
SGBJAN30IXSovereign Gold Bonds 2021-22-Series-IX18th Jan 2022Jan-20304736
SGBD29VIIISovereign Gold Bonds 2021-22-Series-VIII7th Dec 2021Dec-20294741
SGBNV29VIISovereign Gold Bonds 2021-22-Series-VII2nd Nov 2021Oct-20294711
SGBSEP29VISovereign Gold Bonds 2021-22-Series-VI7th Sep 2021Sep-20294682
SGBAUG29VSovereign Gold Bonds 2021-22-Series-V17th Aug 2021Aug-20294740
SGBJUL29IVSovereign Gold Bonds 2021-22-Series-IV20th Jul 2021Jul-20294757
SGBJU29IIISovereign Gold Bonds 2021-22-Series-III8th Jun 2021Jun-20294839
SGBJUN29IISovereign Gold Bonds 2021-22-Series-II1st Jun 2021Jun-20294792
SGBMAY29ISovereign Gold Bonds 2021-22-Series-I25th May 2021May-20294727
SGBMR29XIISovereign Gold Bonds 2020-21-Series-XII9th Mar 2021Mar-20294612
SGBFEB29XISovereign Gold Bonds 2020-21-Series-XI9th Feb 2021Feb-20294862
SGBJAN29XSovereign Gold Bonds 2020-21-Series-X19th Jan 2021Jan-20295054
SGBJAN29IXSovereign Gold Bonds 2020-21-Series-IX5th Jan 2021Jan-20294950
SGBN28VIIISovereign Gold Bonds 2020-21-Series-VIII18th Nov 2020Nov-20285127
SGBOC28VIISovereign Gold Bonds 2020-21-Series-VII20th Oct 2020Oct-20285001
SGBSEP28VISovereign Gold Bonds 2020-21-Series-VI8th Sep 2020Sep-20285067
SGBAUG28VSovereign Gold Bonds 2020-21-Series-V11th Aug 2020Aug-20285284
SGBJUL28IVSovereign Gold Bonds 2020-21-Series-IV14th Jul 2020Jul-20284802
SGBJUN28Sovereign Gold Bonds 2020-21-Series-III16th Jun 2020Jun-20284627
SGBMAY28Sovereign Gold Bonds 2020-21-Series-II22nd May 2020May-20284540
SGBAPR28ISovereign Gold Bonds 2020-21-Series-I28th Apr 2020Apr-20284589
SGBMAR28XSovereign Gold Bonds 2019-20-Series-X11th Mar 2020Mar-20284210
SGBFEB28IXSovereign Gold Bonds 2019-20-Series-IX11th Feb 2020Feb-20284020
SGBJ28VIIISovereign Gold Bonds 2019-20-Series-VIII21st Jan 2020Jan-20283966
SGBDC27VIISovereign Gold Bonds 2019-20-Series-VII10th Dec 2019Dec-20273745
SGBOCT27VISovereign Gold Bonds 2019-20-Series-VI30th Oct 2019Oct-20273785
SGBOCT27Sovereign Gold Bonds 2019-20-Series-V15th Oct 2019Oct-20273738
SGBSEP27Sovereign Gold Bonds 2019-20-Series-IV17th Sep 2019Sep-20273840
SGBAUG27Sovereign Gold Bonds 2019-20-Series-III14th Aug 2019Aug-20273449
SGBJUL27Sovereign Gold Bonds 2019-20-Series-II16th Jul 2019Jul-20273393
SGBJUN27Sovereign Gold Bonds 2019-20-Series-I11th Jun 2019Jun-20273146
SGBFEB27Sovereign Gold Bonds 2018-19-Series-VI12th Feb 2019Feb-20273276
SGBJAN27Sovereign Gold Bonds 2018-19-Series-V22nd Jan 2019Jan-20273164
SGBDEC26Sovereign Gold Bonds 2018-19-Series-IV1st Jan 2019Jan-20273069
SGBNOV26Sovereign Gold Bonds 2018-19-Series-III13th Nov 2018Nov-20263133
SGBOCT26Sovereign Gold Bonds 2018-19-Series-II23rd Oct 2018Oct-20263096
SGBMAY26Sovereign Gold Bonds 2018-19-Series-I4th May 2018May-20263064
SGBJAN26Sovereign Gold Bonds 2017-18-Series-XIV1st Jan 2018Jan-20262831
SGBDEC2513Sovereign Gold Bonds 2017-18-Series-XIII26th Dec 2017Dec-20252816
SGBDEC2512Sovereign Gold Bonds 2017-18-Series-XII18th Dec 2017Dec-20252840
SGBDEC25XISovereign Gold Bonds 2017-18-Series-XI11th Dec 2017Dec-20252902
SGBDEC25Sovereign Gold Bonds 2017-18-Series-X4th Dec 2017Dec-20252911
SGBNOV25IXSovereign Gold Bonds 2017-18-Series-IX27th Nov 2017Nov-20252914
SGBNOV258Sovereign Gold Bonds 2017-18-Series-VIII20th Nov 2017Nov-20252911
SGBNOV25Sovereign Gold Bonds 2017-18-Series-VII13th Nov 2017Nov-20252884
SGBNOV25VISovereign Gold Bonds 2017-18-Series-VI6th Nov 2017Nov-20252895
SGBOCT25VSovereign Gold Bonds 2017-18-Series-V30th Oct 2017Oct-20252921
SGBOCT25IVSovereign Gold Bonds 2017-18-Series-IV23rd Oct 2017Oct-20252937
SGBOCT25Sovereign Gold Bonds 2017-18-Series-III16th Oct 2017Oct-20252906
SGBJUL25Sovereign Gold Bonds 2017-18-Series-II28th Jul 2017Jul-20252780
SGBMAY25Sovereign Gold Bonds 2017-18-Series-I12th May 2017May-20252901
SGBMAR25Sovereign Gold Bonds-2016-17-Series-IV17th Mar 2017Mar-20252893
SGBNOV24Sovereign Gold Bonds-2016-17-Series-III17th Nov 2016Nov-20242957
SGBSEP24Sovereign Gold Bonds-2016-17-Series-II23rd Sep 2016Sep-20243150
SGBAUG24Sovereign Gold Bonds-2016-17-Series-I5th Aug 2016Aug-20243119

I will add the newly issued sovereign gold bonds as and when they are issued by RBI. I hope this information may be helpful to you.

4 Responses

  1. Great and very useful information, also since the bonds are listed and available in secondary market with the same benefits available to the purchase it would be useful if ISIN is mentioned too Thanks,

  2. Redemption price may also be mentioned in a separate column (wherever redemption has occurred). This will help us to compile the returns of all the SGBs.

    1. Dear Kamal,
      Sure, I will update whenever I get the information of redemption price. Thanks for this input.

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