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Earn Golden Returns: Invest in SGB Tranche 2023-24 Series III on Bajaj Markets

18.12.2023 - 13:37:24

(SGB) tranche 2023-24 Series III on Bajaj Markets, a subsidiary of Bajaj Finserv. The subscription window, as per RBI’s notification, is from 18th to 22nd December 2023.
 
Here’s an overview of the prices fixed for the latest SGB tranche:
 
Investment Mode Price (per gram)
Online Applications Rs. 6,149
Offline Applications Rs. 6,199
 
Disclaimer: These rates are as per RBI’s notification, dated 15th December 2023.
 
This means, individuals investing in SGBs online get a Rs. 50/gram discount. Upon subscription, investors receive a Holding Certificate as proof of their investment. The date of issuance for this tranche is December 28, 2023.
 
Investors can choose flexible denominations for SGB subscriptions, starting from a minimum of one gram. For individuals, the investment limit has been fixed at a minimum of 1 gram and a maximum of 4 kgs.
 
Here are some features and benefits of investing in SGBs:
 
  • Backed by Reserve Bank of India
  • 2.50% p.a. assured return
  • 8-year maturity period
  • Returns are linked with gold prices
  • Gifting/transfer of SGBs is available, if sender and receiver are eligible
  • Trade bonds on stock exchanges, if investment is held in Demat account
  • Premature redemption option available from 5th year

One can start investing in SGBs from 18th December by visiting Bajaj Markets website or downloading the app. Additionally, they can explore similar secure and stable investment options like tax-saver FDs and National Pension Scheme (NPS). 

About Bajaj Markets
 
Bajaj Markets, a subsidiary of Bajaj Finserv and one of the fastest-growing fintech companies in India, is a digital marketplace that offers multiple financial products across all categories - Loans, Cards, Insurance, Investments, Payments, Pocket Insurance, and VAS. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals. Having started its journey as a fintech, Bajaj Markets has since then built a very strong business as a techfin. It offers a wide gamut of Digital Technology Services which span across Digital Applications, Enterprise Solutions, Data Engineering, Business Analytics, Quality Engineering, and Cloud Services.
 
Visit the Bajaj Markets website or download the Bajaj Markets’ app from the Play Store or App Store to experience “India ka Financial Supermarket”.
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