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
Banks must accept gold bond applications only on June 20-24 and August 22-26, 2022.
Every applicant must give their PAN (a tax ID number) and banks must upload that info on the Ekuber portal (a government website).
Banks must give each applicant a receipt called Form B right away after they apply.
Banks must follow the old rules from October 2021 for all other steps like checking forms.
Banks must collect the email ID of every person who applies online.
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
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.
Issue acknowledgment receipt (Form B) to applicants immediately.
Refer to consolidated procedural guidelines (Oct 22, 2021) for all servicing aspects.
Ensure online applications include investor email IDs as required.
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
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.
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).
Circular: RBI/2022-23/72 -- SGB Scheme 2022-23: Series I & II Subscription Dates
Issued: 16 Jun 2022
Action required: Accept SGB applications in Form A during June 20-24 and Aug 22-26, 2022.
Action required: Collect valid PAN details from every applicant and upload subscription data on Ekuber portal.
Action required: Issue acknowledgment receipt (Form B) to applicants immediately.
Action required: Refer to consolidated procedural guidelines (Oct 22, 2021) for all servicing aspects.
Action required: Ensure online applications include investor email IDs as required.
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=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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