HomeCirculars › RBI/2022-23/72

SGB Scheme 2022-23: Series I & II Subscription Dates

Current · Source: Reserve Bank of India · RBI/2022-23/72 · issued 16 Jun 2022 · ~2 min read
Quick answerRBI announces Series I (June 20-24, 2022) and Series II (Aug 22-26, 2022) of Sovereign Gold Bond Scheme 2022-23. Banks must accept applications via Form A, collect PAN, and upload details on Ekuber portal. Issuance dates: June 28 and Aug 30, 2022.
The rule, in the simplest words
How it plays out — a real example

A branch operations officer in Indore, Priya, gets ready for the SGB rush. On June 20, 2022, she accepts applications using Form A, checks each customer's PAN, and uploads the data on the Ekuber portal by end of day. She hands out Form B receipts and notes down email IDs for online filers, making sure her branch is set for the next window in August.

What changed

Government of India notified two new tranches (Series I and II) under the Sovereign Gold Bond Scheme for FY 2022-23. Subscription windows are set for June 20-24 and August 22-26, 2022, with issuance on June 28 and August 30 respectively. Receiving offices must follow consolidated procedural guidelines issued in October 2021.

What it means for you

Banks and other receiving offices must gear up for two subscription windows, ensuring PAN collection and online submission via Ekuber portal. The circular reinforces existing procedural guidelines, so no new compliance burden but timely readiness is critical. Investors will have limited windows to subscribe, so banks should prepare for potential rush during these periods.

What you must do

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

What are the subscription dates for SGB Series I and II?

Series I subscription runs from June 20 to June 24, 2022, with issuance on June 28. Series II is from August 22 to August 26, 2022, issued on August 30.

What documents must banks collect from SGB applicants?

Banks must collect a valid PAN card from each investor and ensure online applications include the investor's email ID.

Where can banks find the latest procedural guidelines for SGB servicing?

The consolidated procedural guidelines are in RBI circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, available on the RBI website.

📜 Read the original circular — full text as issued by RBI
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National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd. Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated June 15, 2022 , has announced Series I and II of Sovereign Gold Bond Scheme 2022-23. Under the Scheme, there will be a distinct series (Series I and II) 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 bonds shall be issued as per the details given below: Sr. No. Tranche Subscription Period Date of Issuance 1. 2022-23 Series I June 20-24, 2022 June 28, 2022 2. 2022-23 Series II August 22-26, 2022 August 30, 2022 3. Period of subscription The Subscription of the Gold Bonds under this Scheme shall be open (Monday to Friday) on the dates specified above, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above. 4. Application Subscription for the Bonds may be made in the prescribed application form Form A or in any other form as near as thereto, stating clearly the grams (in units) of gold and the full name and address of the applicant. Every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Designated Scheduled Commercial Banks , designated Post Offices , Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers. The Receiving Office shall issue an acknowledgment receipt in Form B to the applicant. 5. All online applications should be accompanied by email Id of the investor/s which should be uploaded on the Ekuber portal of Reserve Bank of India along with the subscription details. 6. In addition to receipt of application, the Receiving Offices are also entrusted with the responsibility of providing service to the investors of the SGB and are required to be guided by the rules and regulations issued by Reserve Bank in this regard from time to time. With a view to facilitate availability of all current operative instructions regarding servicing of these bonds at one place, Reserve Bank has issued Consolidated Procedural Guidelines vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021 and the same is available on RBI website. The Receiving Offices shall be guided by these instructions while dealing with all the procedural aspects and providing service to the investors. 7. All other terms and conditions specified in the notification of the Government of India, Ministry of Finance (Department of Economic Affairs) F.No.4(2)-W&M/2018 dated March 27, 2018 shall apply to the Bonds. Yours faithfully, (Rakesh Tripathy) Chief General Manager 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links : Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn © Reserve Bank of India. 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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2022-23/72 · issued 16 Jun 2022. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Who does what — compliance checklist
💻 IT / Systems
  • Accept SGB applications in Form A during June 20-24 and Aug 22-26, 2022.
  • Collect valid PAN details from every applicant and upload subscription data on Ekuber portal.
  • Ensure online applications include investor email IDs as required.
📜 Compliance
  • Issue acknowledgment receipt (Form B) to applicants immediately.
  • Refer to consolidated procedural guidelines (Oct 22, 2021) 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 (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), your first concrete step on “SGB Scheme 2022-23: Series I & II Subscription Dates” is: “Accept SGB applications in Form A during June 20-24 and Aug 22-26, 2022.” (RBI issued this 16 Jun 2022).

  1. Circular: RBI/2022-23/72 -- SGB Scheme 2022-23: Series I & II Subscription Dates
  2. Issued: 16 Jun 2022
  3. Action required: Accept SGB applications in Form A during June 20-24 and Aug 22-26, 2022.
  4. Action required: Collect valid PAN details from every applicant and upload subscription data on Ekuber portal.
  5. Action required: Issue acknowledgment receipt (Form B) to applicants immediately.
  6. Action required: Refer to consolidated procedural guidelines (Oct 22, 2021) for all servicing aspects.
  7. Action required: Ensure online applications include investor email IDs as required.
  8. Owner: ____________ Target date: ____________
  9. Board/committee approval needed? Y / N
  10. 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.

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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=12340&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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