HomeCirculars › RBI/2023-2024/87

SGB 2023-24 Series III & IV: Subscription Dates & Procedures

Current · Source: Reserve Bank of India · RBI/2023-2024/87 · issued 11 Dec 2023 · ~2 min read
Quick answerRBI announces SGB 2023-24 Series III (Dec 18-22, 2023) and Series IV (Feb 12-16, 2024) with issuance dates Dec 28, 2023 and Feb 21, 2024. Banks must accept applications, verify PAN, issue Form B acknowledgment, and upload investor email IDs on Ekuber portal.
The rule, in the simplest words
How it plays out — a real example

Rahul, a branch operations officer in Indore, ensures that all applications for Series III and IV of the Sovereign Gold Bond Scheme 2023-24 are thoroughly verified, PAN details are checked, and Form B acknowledgments are issued to each investor. He also makes sure to upload the investor email IDs along with subscription details on the Ekuber portal for online applications, following the RBI's consolidated procedural guidelines.

What changed

Government of India notified Series III and IV of the Sovereign Gold Bond Scheme 2023-24 on December 8, 2023. RBI circular provides specific subscription and issuance dates for these two tranches, along with procedural instructions for receiving offices.

What it means for you

Banks must prepare for two SGB subscription windows: Series III in December 2023 and Series IV in February 2024. They need to ensure staff are trained on application processing, PAN verification, and Ekuber portal uploads. The circular also reminds banks to follow consolidated procedural guidelines issued in October 2021.

What you must do

Who it affects

Scheduled Commercial Banks, Designated Post Offices, Stock Holding Corporation of India Ltd., National Stock Exchange of India Ltd., Bombay Stock Exchange Ltd., Clearing Corporation of India Ltd.

❓ Common questions

What are the subscription dates for SGB Series III and IV?

Series III subscription runs from December 18 to December 22, 2023, with issuance on December 28, 2023. Series IV subscription runs from February 12 to February 16, 2024, with issuance on February 21, 2024.

What documents must investors provide when applying?

Investors must submit a completed application form (Form A or similar), valid PAN details issued by the Income Tax Department, and for online applications, an email ID.

What is the role of receiving offices under this scheme?

Receiving offices (banks, post offices, stock exchanges, etc.) must accept applications, issue Form B acknowledgment, upload investor email IDs on the Ekuber portal, and follow RBI's consolidated procedural guidelines for servicing SGB investors.

📜 Read the original circular — full text as issued by RBI
Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications ( 226 kb ) Sovereign Gold Bond (SGB) Scheme 2023-24 RBI/2023-2024/87 IDMD.CDD.No.2128/14.04.050/2023-24 December 11, 2023 Scheduled Commercial Banks (as per the list attached), Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd. National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd. Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2023-24 Government of India, vide its Notification No F.No.4(6)-B (W&M)/2023 dated December 08, 2023 , has announced Series III and IV of Sovereign Gold Bond Scheme 2023-24. Under the Scheme, there will be a distinct series (Series III and IV) which will be indicated on the Bond issued to the investor. 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: S. No. Tranche Date of Subscription Date of Issuance 1. 2023-24 Series III December 18 - December 22, 2023 December 28, 2023, Thursday 2. 2023-24 Series IV February 12 - February 16, 2024 February 21, 2024, Wednesday 3. Period of subscription The Subscription of the Gold Bonds under the 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 units (in grams) 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 the 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 instructions issued by the Reserve Bank of India 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 of India has issued Consolidated Procedural Guidelines vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021 (updated as on October 04, 2022) and the same is available on its 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, (G Anandakrishnan) Deputy 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/2023-2024/87 · issued 11 Dec 2023. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Who does what — compliance checklist
💻 IT / Systems
  • Accept applications in Form A or similar, verify PAN details, and issue Form B acknowledgment.
  • Upload investor email IDs along with subscription details on the Ekuber portal for online applications.
📜 Compliance
  • Prepare for Series III subscription from Dec 18-22, 2023 and Series IV from Feb 12-16, 2024.
  • Refer to RBI's 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 a Compliance officer at a bank this circular applies to (Scheduled Commercial Banks, Designated Post Offices, Stock Holding Corporation of India Ltd., National Stock Exchange of India Ltd., Bombay Stock Exchange Ltd., Clearing Corporation of India Ltd.), your first concrete step on “SGB 2023-24 Series III & IV: Subscription Dates & Procedures” is: “Prepare for Series III subscription from Dec 18-22, 2023 and Series IV from Feb 12-16, 2024.” (RBI issued this 11 Dec 2023).

  1. Circular: RBI/2023-2024/87 -- SGB 2023-24 Series III & IV: Subscription Dates & Procedures
  2. Issued: 11 Dec 2023
  3. Action required: Prepare for Series III subscription from Dec 18-22, 2023 and Series IV from Feb 12-16, 2024.
  4. Action required: Accept applications in Form A or similar, verify PAN details, and issue Form B acknowledgment.
  5. Action required: Upload investor email IDs along with subscription details on the Ekuber portal for online applications.
  6. Action required: Refer to RBI's consolidated procedural guidelines (Oct 22, 2021) for all servicing aspects.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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

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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=12569&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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