Sovereign Gold Bonds

Invest in Gold Smartly with Sovereign Gold Bonds

Backed by the Government of India and issued by the RBI, SGBs are a trusted, hassle-free alternative to physical gold. Designed for investors seeking a safe and cost-effective investment option, SGBs provide the added benefits of assured interest earnings, potential capital appreciation, and tax benefits. Free from storage concerns or theft risks, SGBs blend the security of sovereign guarantees with the appeal of gold investments.

Enjoy guaranteed annual interest on investment amount
Diversified investment portfolio
Government-backed reliable investment
Invest from just 1gram gold
Easy registration and bond issuance with SIB - invest in SGBs in just a few steps.
Enjoy an assured interest rate of 2.5% per annum on gold investment. It is paid every 6 months, providing you with consistent returns.
Trade your SGBs on exchanges with ease, offering liquidity and flexibility to your investment
Seek guidance from our expert team at SIB - Our professionals are here to assist you, ensuring your investment aligns with your financial goals.

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Sl.No	Tranche 2023-24	Period of Subscription	Date of Issuance	Issue Price (Rate per gram of gold)		Tranche Status
Sl.No	Tranche 2023-24	Period of Subscription	Date of Issuance	Offline rate	Online rate	Tranche Status
1	Series IV	February 12 to February 16, 2024	February 21, 2024	Rs. 6,263/-	Rs. 6,213/-	Closed

Investing in Sovereign Gold Bonds through South Indian Bank involves the following steps:

Registration	Open an account with South Indian Bank.
Subscription	Log into SIBerNET/SIB Mirror+ and navigate to “Investments.” From there, you can apply for the Sovereign Gold Bond. A discount of Rs. 50/- per gram is applicable for applications placed through our digital channels. You can also visit any SIB branch to physically submit your SGB application along with a copy of your PAN card.
Bond Issuance	Bonds are issued in physical or demat form. SGB units are tradeable if held in demat form.

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QUESTIONS & ANSWERS

Frequently Asked Questions

Get answers to your queries

The current interest rate of SGBs is 2.5% per annum, paid semi-annually.

The redemption price is based on the simple average of the closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Ltd.

Yes, capital gains arising on redemption are exempt from tax, if held till maturity. However, interest earned is taxable.

Yes, SGBs are tradable on stock exchanges, if held in demat form.

Premature redemption is allowed after the 5th year, aligned with interest payment dates.

The minimum investment is 1 gram of gold.

No additional charges apply for holding SGBs in physical or demat form.

The price is set in INR per gram of gold, based on the previous week’s average closing price of 999 purity gold.

Yes, minors can invest in SGBs through a guardian’s account.

If you become a non-resident, you’ll be able to retain your SGBs until maturity, but you won’t be eligible for new purchases.

Resident individuals, HUFs, Trusts, Universities, and Charitable Institutions are eligible to apply for SGBs.

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