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
Banks must accept applications for Sovereign Gold Bond Scheme 2023-24 Series III and IV.
Verify PAN details and issue Form B acknowledgment for each application.
Upload investor email IDs along with subscription details on the Ekuber portal for online applications.
Refer to RBI's consolidated procedural guidelines for all servicing aspects.
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
Prepare for Series III subscription from Dec 18-22, 2023 and Series IV from Feb 12-16, 2024.
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.
Refer to RBI's consolidated procedural guidelines (Oct 22, 2021) for all servicing aspects.
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
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.
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).
Circular: RBI/2023-2024/87 -- SGB 2023-24 Series III & IV: Subscription Dates & Procedures
Issued: 11 Dec 2023
Action required: Prepare for Series III subscription from Dec 18-22, 2023 and Series IV from Feb 12-16, 2024.
Action required: Accept applications in Form A or similar, verify PAN details, and issue Form B acknowledgment.
Action required: Upload investor email IDs along with subscription details on the Ekuber portal for online applications.
Action required: Refer to RBI's consolidated procedural guidelines (Oct 22, 2021) for all servicing aspects.
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=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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