SGB Tranche 2023-24 Series III Coming Soon; Invest on Bajaj Markets
16.12.2023 - 10:05:51
(SGBs). As per the Reserve Bank of India’s recent announcement, the upcoming SGB tranche 2023-24 Series III will be open for subscription between 18th and 22nd December 2023.
Investors have the flexibility to subscribe to SGBs in varying denominations based on weight, with the minimum starting at one gram. The price per gram is fixed at Rs. 6,149 for online transactions. Upon subscription, investors are issued a Holding Certificate as an investment proof.
SGBs have an eight-year maturity period, allowing investors the flexibility of premature redemption starting from the fifth year. Additionally, a guaranteed annual interest of 2.50% p.a. is paid semi-annually, ensuring a steady income stream for investors.
Here are some key features of investing in SGBs:
Investors have the flexibility to subscribe to SGBs in varying denominations based on weight, with the minimum starting at one gram. The price per gram is fixed at Rs. 6,149 for online transactions. Upon subscription, investors are issued a Holding Certificate as an investment proof.
SGBs have an eight-year maturity period, allowing investors the flexibility of premature redemption starting from the fifth year. Additionally, a guaranteed annual interest of 2.50% p.a. is paid semi-annually, ensuring a steady income stream for investors.
Here are some key features of investing in SGBs:
- Backed by Reserve Bank of India
- Returns of SGB are linked with the price of gold
- Easily transfer or gift SGBs, if both parties are eligible
- Trade SGBs on stock exchanges, if held in Demat account
From 18th December, individuals can subscribe to SGBs through the Bajaj Markets’ app or website. Additionally, they can explore tax-saving investment options like Equity Linked Savings Scheme (ELSS), National Pension Scheme (NPS), and tax-saver FDs offered by banks.
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”.
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”.
