Sovereign Gold Bond Scheme 2023-24: Tranche Dates and Procedures
Current · Source: Reserve Bank of India · RBI/2023-24/44 · issued 15 Jun 2023 · ~2 min read
Quick answerRBI has opened the Sovereign Gold Bond Scheme for FY 2023-24 with two tranches. Series I subscription runs June 19-23, 2023, issuance June 27. Series II runs September 11-15, 2023, issuance September 20. Banks must accept applications, verify PAN, and upload investor email IDs on the Ekuber portal.
The rule, in the simplest words
Banks must accept SGB (gold bond) applications from June 19-23, 2023 for Series I and September 11-15 for Series II.
Every application needs a PAN (tax ID) check, and the bank must give a receipt in Form B.
Banks must upload the investor's email ID and subscription details on the RBI Ekuber portal (online system).
All banks must follow the old rules from October 2021 and October 2022 for how to handle SGB applications.
How it plays out — a real example
A branch operations officer in Indore receives an SGB application from a customer on June 20, 2023. She verifies the customer's PAN, issues a Form B receipt, and later that day uploads the customer's email ID and subscription details on the Ekuber portal, following the consolidated guidelines from October 2021.
What changed
The Government of India announced the Sovereign Gold Bond Scheme for 2023-24 via notification dated June 14, 2023. RBI circular specifies two tranches with distinct series: Series I (June 19-23 subscription, June 27 issuance) and Series II (September 11-15 subscription, September 20 issuance). Receiving offices must follow consolidated procedural guidelines issued earlier.
What it means for you
Banks and other receiving offices must gear up to process SGB applications for the new fiscal year, ensuring PAN validation and email ID upload on the Ekuber portal. The two-tranche structure spreads investor demand and operational load. Adherence to the consolidated procedural guidelines is mandatory for all servicing aspects.
What you must do
Accept SGB applications from June 19-23, 2023 for Series I and September 11-15 for Series II.
Verify PAN details for every application and issue acknowledgment receipt in Form B.
Upload investor email IDs along with subscription details on the RBI Ekuber portal for online applications.
Refer to and comply with the consolidated procedural guidelines (circular dated October 22, 2021, updated October 4, 2022) for all servicing procedures.
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 and issuance dates for SGB 2023-24 Series I?
Subscription opens from June 19 to June 23, 2023, and the bonds will be issued on June 27, 2023.
What documents are mandatory for an SGB application?
Every application must include valid PAN details issued by the Income Tax Department. For online applications, the investor's email ID must also be provided and uploaded on the Ekuber portal.
Which entities are authorized to receive SGB applications?
Designated scheduled commercial banks, designated post offices, Stock Holding Corporation of India Ltd., Clearing Corporation of India Ltd., and recognized stock exchanges (NSE and BSE) are authorized receiving offices.
📜 Read the original circular — full text as issued by RBI
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/44 · issued 15 Jun 2023. The plain-English explanation above is BankPulse’s own independent summary.
Accept SGB applications from June 19-23, 2023 for Series I and September 11-15 for Series II.
Verify PAN details for every application and issue acknowledgment receipt in Form B.
Upload investor email IDs along with subscription details on the RBI Ekuber portal for online applications.
📜 Compliance
Refer to and comply with the consolidated procedural guidelines (circular dated October 22, 2021, updated October 4, 2022) for all servicing procedures.
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 “Sovereign Gold Bond Scheme 2023-24: Tranche Dates and Procedures” is: “Accept SGB applications from June 19-23, 2023 for Series I and September 11-15 for Series II.” (RBI issued this 15 Jun 2023).
Circular: RBI/2023-24/44 -- Sovereign Gold Bond Scheme 2023-24: Tranche Dates and Procedures
Issued: 15 Jun 2023
Action required: Accept SGB applications from June 19-23, 2023 for Series I and September 11-15 for Series II.
Action required: Verify PAN details for every application and issue acknowledgment receipt in Form B.
Action required: Upload investor email IDs along with subscription details on the RBI Ekuber portal for online applications.
Action required: Refer to and comply with the consolidated procedural guidelines (circular dated October 22, 2021, updated October 4, 2022) for all servicing procedures.
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=12517&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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