No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2022-23/156 · issued 16 Dec 2022 · ~2 min read
Quick answerRBI has announced Series III and IV of the Sovereign Gold Bond Scheme 2022-23. Subscription for Series III runs Dec 19-23, 2022, issuance Dec 27; Series IV runs Mar 6-10, 2023, issuance Mar 14. Banks must accept applications and follow consolidated procedural guidelines.
What changed
The Government of India, via notification dated December 15, 2022, introduced two new tranches (Series III and IV) under the Sovereign Gold Bond Scheme 2022-23. RBI circular dated December 16, 2022, communicates the subscription and issuance dates for these series to scheduled commercial banks and other receiving offices.
What it means for you
Banks must be ready to accept SGB applications during the specified windows and ensure compliance with the updated consolidated procedural guidelines issued by RBI. This is a routine issuance cycle, but banks should verify that their systems and staff are aligned with the latest instructions to avoid service disruptions.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Prepare to accept SGB applications for Series III from Dec 19-23, 2022, and Series IV from Mar 6-10, 2023.
Ensure all applications include valid PAN details and, for online submissions, investor email IDs uploaded on the Ekuber portal.
Refer to the consolidated procedural guidelines (circular IDMD.CDD.1100/14.04.050/2021-22 dated Oct 22, 2021, updated Oct 4, 2022) for servicing instructions.
Issue acknowledgment receipts (Form B) to applicants and maintain service standards as per RBI rules.
Who it affects
Scheduled commercial banks, Designated post offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd, National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 05:14 IST
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What are the subscription dates for SGB Series III and IV?
Series III subscription is open from December 19 to December 23, 2022, with issuance on December 27, 2022. Series IV subscription runs from March 6 to March 10, 2023, with issuance on March 14, 2023.
What documents are required for SGB applications?
Every application must include valid PAN details issued by the Income Tax Department. For online applications, the investor's email ID must be provided and uploaded on the RBI's Ekuber portal along with subscription details.
Where can banks find the latest procedural guidelines for SGB servicing?
RBI has issued consolidated procedural guidelines via circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021 (updated as on October 4, 2022), available on the RBI website. Banks must follow these instructions for all procedural aspects and investor services.
📜 Read the original circular — full text as issued by RBI
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2022-23/156 · issued 16 Dec 2022. The plain-English explanation above is BankPulse’s own independent summary.
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=12429&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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