Get Sovereign Gold Bonds Now on Bajaj Markets

Pune, Maharashtra, India Business Wire India Bajaj Markets, a subsidiary of Bajaj Finserv, is one of Indias leading fintech startups, offering a wide range of financial products including Sovereign Gold Bonds.Sovereign Gold Bonds, or SGBs are securities issued by the Reserve Bank of India RBI at the behest of the Government of India.The first issue for 2023-24 Series I is now available for subscription from June 19 to June 23, 2023, on Bajaj Markets.

Bajaj Markets, a subsidiary of Bajaj Finserv, is one of India’s leading fintech startups, offering a wide range of financial products including Sovereign Gold Bonds.

Sovereign Gold Bonds, or SGBs are securities issued by the Reserve Bank of India (RBI) at the behest of the Government of India.

The first issue for 2023-24 Series I is now available for subscription from June 19 to June 23, 2023, on Bajaj Markets. Investors can subscribe to SGBs in several denominations characterised by weight, starting as low as one gram. They will also receive a Holding Certificate as proof of investment. The price per gram for the current tranche is fixed at Rs. 5,926 for offline transaction and Rs. 5,876 for online transaction.

SGBs come with a maturity period of eight years, with the option for premature redemption after the fifth year. Investors will receive an assured interest of 2.50% per annum as mandated by RBI, payable semi-annually.

Key Features • Issued by the Reserve Bank of India • Assured interest of 2.50% per annum • Discount of Rs. 50/gram on online investment • Avail tax benefits Investors can subscribe to SGBs on Bajaj Markets from June 19, 2023. The subscription is entirely online, allowing investors to subscribe from anywhere.

About Bajaj Markets Bajaj Markets, a subsidiary of Bajaj Finserv, and one of the fastest growing fintech in India, is a one-stop digital marketplace that offers multiple financial products across all categories - Loans, Cards, Insurance, Investments, and Payments. Bajaj Markets has partnered with some of the most trusted names to offer choices to its customers and help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Markets has since then, built a very strong business as a techfin. Its technology services businesses are built on its core capabilities in consumer insights, technology, and data analytics. Its first B2B SBU, Skaleup, has been created to become the leading digital technology services provider in India through deep domain expertise and execution capabilities.

Bajaj Markets has built a new business unit to become the preferred partner for digital technology initiatives across all group companies of Bajaj Finserv. Herein, the strategy is to align with the digital technology roadmap objectives of all the group companies of Bajaj Finserv and offer digital technology services and platforms at market competitive rates.

Visit www.bajajfinservmarkets.in or download the Bajaj Markets app from Play Store or App Store. With Bajaj Markets, “Ab Choices Hue Aasaan”.

 

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