SGB 2021-22 Series VII-X: Subscription Dates & Procedures
Current · Source: Reserve Bank of India · RBI/2021-2022/113 · issued 22 Oct 2021 · ~2 min read
Quick answerRBI announces four tranches of Sovereign Gold Bonds for FY 2021-22 (Series VII to X) with subscription windows from Oct 2021 to Mar 2022. Banks, post offices, and exchanges can accept applications. PAN is mandatory; online apps need email ID uploaded on Ekuber.
The rule, in the simplest words
Banks and post offices must accept applications for Sovereign Gold Bonds (government gold savings) during four specific weeks: Oct 25-29, 2021; Nov 29-Dec 3, 2021; Jan 10-14, 2022; Feb 28-Mar 4, 2022.
Every application must include the customer's PAN (a tax ID number). For online applications, the customer's email ID must also be collected and uploaded to the Ekuber system.
Receiving offices must follow a single set of rules (called consolidated procedural guidelines) issued on the same date, which tells them exactly how to handle all parts of the bond sale.
How it plays out — a real example
A branch operations officer in Indore is processing SGB applications during the Series VII window (Oct 25-29, 2021). She checks each paper form for a valid PAN and, for online applications, makes sure the customer's email ID is noted so she can upload it to Ekuber. She also keeps the new consolidated guidelines handy to answer any questions from her team about issuing acknowledgment receipts.
What changed
Government of India issued a new notification on October 21, 2021, launching Series VII, VIII, IX, and X of the Sovereign Gold Bond Scheme for 2021-22. RBI circular provides the subscription and issuance dates for each tranche, along with operational instructions. Receiving offices must follow consolidated procedural guidelines issued separately on the same date.
What it means for you
Banks and other receiving offices have clear timelines to process SGB applications for four upcoming tranches. They must ensure PAN details are collected and online applications include email IDs for Ekuber upload. The consolidated guidelines simplify compliance by centralizing all current servicing instructions in one place.
What you must do
Update internal systems and staff on the four subscription windows: Series VII (Oct 25-29, 2021), VIII (Nov 29-Dec 3, 2021), IX (Jan 10-14, 2022), X (Feb 28-Mar 4, 2022).
Ensure all application forms (Form A) collect valid PAN details and, for online apps, investor email IDs for Ekuber upload.
Refer to and implement the consolidated procedural guidelines issued via circular IDMD.CDD.1100/14.04.050/2021-22 for all servicing aspects.
Train front-office staff on acknowledgment receipt (Form B) issuance and the requirement to accept applications directly or through agents.
Who it affects
All Scheduled Commercial Banks (excluding RRBs, Small Finance Banks, Payment Banks), Designated Post Offices, Stock Holding Corporation of India Ltd (SHCIL), Clearing Corporation of India Ltd, National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd
❓ Common questions
What are the subscription and issuance dates for Series VII?
Subscription opens from October 25 to 29, 2021, and the issuance date is November 2, 2021.
Is PAN mandatory for SGB applications?
Yes, every application must be accompanied by valid PAN details issued by the Income Tax Department to the investor(s).
Where can I find the consolidated procedural guidelines for servicing SGBs?
RBI has issued a separate circular (IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021) available on the RBI website, which all receiving offices must follow.
📜 Read the original circular — full text as issued by RBI
RBI/2021-2022/113
IDMD.CDD.No.1087/14.04.050/2021-22
October 22, 2021
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd.(SHCIL)
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd
Clearing Corporation of India Limited.
Madam/Dear Sir,
Sovereign Gold Bond Scheme (SGB) 2021-22 - Series VII/VIII/IX/X
Government of India has vide its Notification No F.No4.(5)-B (W&M)/2021 dated October 21, 2021 has announced the Sovereign Gold Bond Scheme 2021-22, Series VII, VIII, IX and X . Under the scheme there will be a distinct series (starting from Series VII) for every tranche. The terms and conditions of the issuance of the Bonds shall be as per the above notification.
2. Date of Issue
The date of issuances shall be as per the details given in the calendar below
S.No.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2021-2022/113 · issued 22 Oct 2021. The plain-English explanation above is BankPulse’s own independent summary.
Update internal systems and staff on the four subscription windows: Series VII (Oct 25-29, 2021), VIII (Nov 29-Dec 3, 2021), IX (Jan 10-14, 2022), X (Feb 28-Mar 4, 2022).
Ensure all application forms (Form A) collect valid PAN details and, for online apps, investor email IDs for Ekuber upload.
Train front-office staff on acknowledgment receipt (Form B) issuance and the requirement to accept applications directly or through agents.
📜 Compliance
Refer to and implement the consolidated procedural guidelines issued via circular IDMD.CDD.1100/14.04.050/2021-22 for all servicing aspects.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are an IT/Systems lead at a bank this circular applies to (All Scheduled Commercial Banks (excluding RRBs, Small Finance Banks, Payment Banks), Designated Post Offices, Stock Holding Corporation of India Ltd (SHCIL), Clearing Corporation of India Ltd, National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd), your first concrete step on “SGB 2021-22 Series VII-X: Subscription Dates & Procedures” is: “Update internal systems and staff on the four subscription windows: Series VII (Oct 25-29, 2021), VIII (Nov 29-Dec 3, 2021), IX (Jan 10-14, 2022), X (Feb 28-Mar 4, 2022).” (RBI issued this 22 Oct 2021).
Action required: Update internal systems and staff on the four subscription windows: Series VII (Oct 25-29, 2021), VIII (Nov 29-Dec 3, 2021), IX (Jan 10-14, 2022), X (Feb 28-Mar 4, 2022).
Action required: Ensure all application forms (Form A) collect valid PAN details and, for online apps, investor email IDs for Ekuber upload.
Action required: Refer to and implement the consolidated procedural guidelines issued via circular IDMD.CDD.1100/14.04.050/2021-22 for all servicing aspects.
Action required: Train front-office staff on acknowledgment receipt (Form B) issuance and the requirement to accept applications directly or through agents.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12180&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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