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Core Purpose

Notification issuing the Sovereign Gold Bond Scheme 2023-24 (Series III and IV) under clause (iii) of Section 3 of the Government Securities Act, 2006.

Detailed Summary

The Ministry of Finance (Department of Economic Affairs), by G.S.R. 885(E) dated 8th December 2023 (F. No. 4(6)-B(W&M)/2023), in exercise of powers under clause (iii) of Section 3 of the Government Securities Act, 2006 (38 of 2006), notified the Sovereign Gold Bond Scheme 2023-24, comprising Series III (subscription period 18-22 December 2023, issue date 28 December 2023) and Series IV (subscription period 12-16 February 2024, issue date 21 February 2024). Bonds are issued in denominations of one gram of gold or multiples, with a minimum subscription of one gram and maximum annual limits of four kilograms for individuals and Hindu Undivided Families and twenty kilograms for trusts; the nominal value is based on the simple average closing price of 999-purity gold published by the India Bullion and Jewellers Association Limited, with a discount of Rs. 50 per gram for online applicants paying digitally. Bonds carry a fixed interest rate of 2.50 percent per annum payable half-yearly, are repayable after eight years with premature redemption permitted after the fifth year, and may be used as collateral for loans and are eligible for Statutory Liquidity Ratio when pledged. Interest is taxable under the Income-tax Act, 1961 (43 of 1961), while capital gains on redemption by individuals are exempt. Nomination and transfer are governed by the Government Securities Act, 2006 and the Government Securities Regulations, 2007, and all other terms of the Ministry of Finance notification F. No. 4(2) W&M/2018 dated 27th March 2018 continue to apply. The notification was signed by Ashish Vachhani, Additional Secretary.

Full Text

7593 GI/202 3 (1) रजजस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 702] NEW DELHI, FRIDAY , DEC EMBER 8, 2023/ AGRAHAYANA 17, 1945 CG-DL-E-09122023-250517 ( C heque / Demand Draft Drawn on (Name of the ं न ं त स --------------------------------------------------- आिेदन सं......................... ददनांक......./....../.............. श्ी/श्ीमती/सुश्ी ..................................................... से……………… ................................................... रुपये अंतरण.................... ददनांक ............................................ प्राप् त ए ए। Form ‘C’ [See paragraph 6 (1)] Government of India SOVEREIGN GOLD BOND 2023 -24 Certificate Number - I hereby certify that, Smt. /Shri ------------------------------------------------------ ---------------------- is the registered holder of -------------------------------------------- units of Sovereign Gold Bond 2023 -24 (Se ries-III/IV). The Sovereign Gold Bond 2023 -24, Series III/IV , will bear interest at --------- percent per annum on initial investment of ₹--------------- , payable at half yearly intervals on -------------------------- and --------------------------------- every year. The Bonds are redeemable on -------------- with the option for early redemption after fifth year on interest payment dates. Application Receiving Office This is a system generated certi ficate and does not require any signature. तारीख ----------------- 1--------------------------------- 2--------------------------------- मैं/हम .............................................................. ( नाम और पता) एतद्वारारा तारीख ...................... का 1. .......................................................................................................................... ........... 2. ................................................. .................................................................................... हम, ................................................................................ उधार ......................................... के पंजीकरण संख्या ............................................ तारीख ............................ द्वारा दजय दकए गए--------------- तारीख ......... .......................... अजधकृत अजधकारी ......... ..................... ....................... की ...................... मद्, ................................. के सरकारी ऋण मद् ............................. गिाह के रूप मद्, आज .................... ( ददन) ............................... ( माह) ................ ........................... ...........................................................* हस्ट्तािर ................................................. ................. पता......................................................................... ........... ...................................... ....................... …….. .................................... ................................ ........................................... .............................. ------------------------------------------------------------- प्रबंधक , भारतीय ररजिय बैंक .............................................................. ....................................... MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 8th December, 2023 G.S.R . 885(E).—In exercise of the powers conferred by clause (iii) of Section 3 of the Government Securities Act, 2006 (38 of 2006), the Central Government hereby makes the following Scheme, namely: 1. Short title and commencement - (i) This scheme may be called the Sovereign Gold Bond Scheme 2023 -24. (ii) There will be a distinct Series (starting from Series III) which will be indicated on the Bond issued to the investor. (iii) It shall come into force on the date of its publication in the Official Gazette. 2. Definition -In this Scheme, unless the context otherwise requires: a) ―Form‖ means a form appended to this Scheme. b) ―Receiving office‖ means the offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks (as specified in Annexure I to this Notification), designated Post Offices (as specified in Annexure II to this Notification), Stock Holding Corporation of India Ltd. (SHCIL), the authorised stock exchanges, and Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI as specified in Annexure III to this Notification. c) ―Stock Certificate‖ means the Gold Bond issued in the form of Government of India Stock in accordance with Section 3 of the Government Securities Act, 2006. 3. Eligibility for I nvestment - The Gold Bonds issued under this Scheme may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. Explanation –– For the purposes of this paragraph: (i) ―person‖ shall have the same meaning as defined in clause (u) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). (ii) the expression ―person resident in India‖ s hall have the same meaning as defined in clause (v) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). (iii) ―Trust‖ means a trust constituted/formed as per the Indian Trusts Act, 1882, or a public or private trust constituted or rec ognized under the provisions of any Central or State law for the time being in force and also an express or constructive trust constituted for either a public religious or charitable purpose or both which includes a temple, a math, a wakf, a church, a sy nagogue, agiary or any other place of public religious worship, or a dharmada or any other religious or charitable endowment and also a society, formed either for a religious or charitable purpose or for both, registered under the Societies Registration A ct, 1860 or under any other law for the time being in force in India. (iv) ―Charitable Institution‖ means a company registered under Section 25 of the Indian Companies Act, 1956 or under Section 8 of the Companies Act, 2013; or an institution, which has o btained a Certificate of Registration as a charitable institution in accordance with a law in force; or Any institution which has obtained a certificate from an Income Tax Authority for the purposes of Section 80G of the Income Tax Act, 1961. (v) "Universi ty" means a university established or incorporated by a Central, State or Provincial Act, and includes an institution declared under Section 3 of the University Grants Commission Act, 1956 (3 of 1956), to be a university for the purposes of the Act. 4. Denomination, Subscription limit and Pricing - (i) The bonds will be issued in denominations of one gram of gold or multiples thereof. Provided that the minimum limit of subscription for the Bonds issued shall be of one gram and maximum limit of subscription per fiscal year shall be of four kg for individuals, four kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the Government from time to time; Provided that in case of joint holding, the above limits shall be appl icable to the first applicant only; Provided that the annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market; and Provided further that the ceiling on invest ment will not include the holdings as collateral by banks and other Financial Institutions. (ii) The nominal value of Gold Bonds shall be in Indian Rupees fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited, for the last 3 working days of the week preceding the subscription period. (iii) The issue price of the Gold Bonds will be less than the nominal value by ₹50 per gram to those investors applying online and making the payment against the application through digital mode. 5. Procedure for making application for subscription to Gold Bonds - (i) Any person who is desirous of subscribing to the Gold Bonds shall apply to any Receiving office in Form ‗A’ or in any othe r form as near as thereto, clearly stating the grams of gold, full name and address of the applicant/s. (ii) Every application shall contain such documents and particulars as specified in the instructions contained in the Application Form. (iii) Ever y application must be accompanied by the ‗PAN Number‘ issued by the Income Tax Department to Individuals and other entities. (iv) On receipt of an application under sub paragraph (i), the Receiving office shall issue an acknowledgment receipt in Form ‘B’ if all requirements of the application are fulfilled. (v) An incomplete application is liable to be rejected. 6. Date and form of issue of Gold Bonds - (i) The Gold Bonds shall be issued in the form of a Stock Certificate, as specified in Form ‘C’ on the date of issue of respective tranches as mentioned in the para 8 of this Notification . (ii) The Gold Bonds shall be eligible to be converted into Demat form. 7. Period of subscription - The subscription to the Gold Bonds under this Scheme shall remain o pen as specified in Section 8 below. Provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified above. 8. Calendar of Issuance - S. No. Tranche Period of Subscription Date of Issue 1. 2023 -24 Series III December 18 – December 22, 2023 December 28, 2023 2. 2023 -24 Series IV February 12 – February 16, 2024 February 21, 2024 9. Interest - (i) The interest on the Gold Bonds shall commence from the date of issue and shall be paid at a fixed r ate of 2.50 percent per annum on the nominal value of the bond. (ii) The interest shall be payable in half-yearly rests and the last interest shall be payable along with the principal on maturity. 10. Receiving Offices - The Receiving Offices shall be authorised to receive applications for the bonds either directly or through agents. 11. Payment Options - (i) All payments for Gold Bonds shall be accepted in Indian Rupees through cash (up to a maximum of ₹20,000/ -) or demand draft, or cheque, or electroni c banking. (ii) Where payment is made through cheque or demand draft, the same shall be drawn in favour of the Receiving Office. 12. Redemption - (i) The Gold Bonds shall be repayable on the expiration of eight years from the date of the issue of the Bonds : Provided that premature redemption of Gold Bonds may be permitted after fifth year from the date of issue of Bonds and such repayments will be made on the date on which interest is payable, (ii) On maturity/premature redemption, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous three working days, published by the India Bullion and Jewellers Association Limited. (iii) The RBI / depository shall inform the investor one month in advance, about the date of maturity of the Bond. 13. Eligibility for Statutory Liquidity Ratio - Bonds acquired by the banks through the process of invoking lien/hypothecation/pledge alone, shall be counted towards Statuto ry Liquidity Ratio. 14. Loan against Bonds - (i) The Gold Bonds issued under this Scheme may be used as collateral security for availing any loan. Such loans could be granted by marking lien on Gold Bonds appropriately. (ii) The Loan to Value ratio as appl icable to any ordinary gold loan mandated by the Reserve Bank of India shall also apply to the Bonds issued under this Scheme. Note: The loan against Gold Bonds would be subject to decision of the bank/financing agency, and cannot be inferred as a matter o f right. 15. Tax Treatment - The interest received on the Gold Bond shall be taxable as per the provisions of the I ncome -tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of these bonds to an individual is exempted. The indexation ben efits will be provided for the long -term capital gains arising to any person on transfer of bond. 16. Nomination - (i) N omination of and its cancellation shall be made in Form ‘D’ and Form ‘E’ , respectively, in accordance with the provisions of the Govern ment Securities Act, 2006 (38 of 2006) and the Government Securities Regulations, 2007, published in part III, Section 4 of the Gazette of India dated the 1st December 2007. (ii) An individual Non -Resident Indian may get the security transferred in his nam e on account of he being a nominee of a deceased investor; Provided that the Non -Resident investor shall need to hold the security till premature redemption or till maturity; Provided further that the interest and maturity proceeds of the investment shall not be repatriable. Date of Birth (minor) Passport/Aadhar / PAN /TAN / Voter ID No. (any one of the above) 17. Transfer of Gold Bonds - The Gold Bonds issued in the form of Stock Certificate are transferable by execution of an Instrument of transfer as in Form ‘F’ , in accordance with the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulations, 2007, published in part III, Section 4 of the Gazette of India dated the 1st December 2007. 18. Trading of Gold Bonds - The Gold Bonds shall be eligible for trading. 19. Commission for mobilizing subscr iption - The c ommission for mobilising subscription towards these bonds shall be paid at the rate of Rupee One per Hundred Rupees of the total subscription received by the Receiving O ffices and Receiving O ffices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them. 20. All other terms and conditions specified in the notification of Government of India, Ministry of Finance (Department of Economic Affairs) vide number F. No.4 (2) W&M/2018, dated the 27th March, 2018 shall apply to the Gold Bond issued under this scheme. By Order of the President of India [F. No. 4(6) -B(W&M)/2023] ASHISH VACHHANI, Addl. Secy. APPLIC ATION FORM FOR SOVEREIGN GOLD BOND 2023 -24 (Put wherever required) Name of Receiving Office Name of Branch: Mode of Subscription .. Cash Cheque / DD Electronic Transfer Grams of Gold Applied for Cheque / Demand Draft Drawn on (Name of the Ba nk & Branch) Cheque / Demand Draft No. Dated (In figures) (In words) Amount: Rs. (in figures) (in words) PAN number of the first/ sole applicant (mandatory) Applicant stat us: Resident Individual [ ], Trusts [ ], Charitable Institution[ ], University [ ], others [ ], Please specify: Applicant(s) Detail (in block letters) EXISTING RBI INVES TOR ID, IF ANY FI RST/ SOLE APPLICANT‘S NAME IN FULL, Passport/Aadhar / PAN / TAN / Voter ID No. (any one of the above) SECONDAPPLICANT‘S NAME IN FULL Passport/Aadhar/ PAN / TAN / Voter ID No. (any one of th e above) Guardian (in case of minor) Passport/Aadhar / PAN / TAN / Voter ID No. (any one of the above) FIRST/ SOLEAPPLICANT‘S / GUARDIAN‘S ADDRESS IN FULL ( DO NOT FILL IN NAME AGAIN) CON TACT DE TAILS Phone Fax Email BANK PARTICULARS FOR PAYMENT OF INTEREST WARRA NT/ REDEMPTION Account Holder Name Bank Name Account No. Branch Name /Address IFSC Code Account Type SB Account Current Account Nominee det ails- Nomination Form (as applicable) to be filled and attached Depository participant details (to avail of option to hold the bond in demat form) Depository Name NSDL CDSL (For NSDL, enter 8 digit dp ID followed by 8 digit client ID, For CDSL enter 16 digit client ID) DP/ Client ID Declaration: I/We hereby declare and undertake that (i) my/our aggregate investment in Sovereign Gold Bonds 2023 - 24 does not exceed 4kg for individual and HUF & 20 Kg fo r trust and similar entities during the financial year 2023 -24 and (ii) the Information furnished in this application form is correct, (iii) I have read and understood the details of information for the investors as well as rights and duties of investors ( copy attached).The agent/bank has explained the features of the scheme. Signature Signature Signature 1st Applicant 2nd Applicant Guardian Date Place Date, Bank Stamp & Signature of the authorized official of the bank/ Post Office In case of thumb impression, attestation by two witnesses Witnesses: Name of 1st Witness Name of 2nd Witness Address Signature H.U. F. declaration (mandator y, if applicant is Karta of HUF) I,……………………………………………………………,residing at the address given against First Applicant, do solemnly affirm that I am the Karta of the Hindu Undivided Family and as such have full powers to sell, endorse, transferor otherwise deal in the Sovereign Gold bonds 2023 -24, standing in the name of the HU F. Specimen signature for and on behalf of the HUF (Name of the HUF) …………………………………………… Place Date (Signature of the Karta with seal of HUF) Date, Bank Stamp & Signature of the authorized official of the bank/Post Office In case of thumb impression, attes tation by two witnesses Witnesses: Name of 1st Witness Name of 2nd Witness Address Signature H.U. F. declaration (mandator y, if applicant is Karta of HUF) I,……………………………………………………………,residing at the address given against First Applicant, do solem nly affirm that I am the Karta of the Hindu Undivided Family and as such have full powers to sell, endorse, transferor otherwise deal in the Sovereign Gold bonds 2023 -24, standing in the name of the HU F. Specimen signature for and on behalf of the HUF (Nam e of the HUF) …… ……………………………………… Place Date (Signature of the Karta with seal of HUF) FOR OFFICE USE ONLY Date of receipt of Application (DD/MM/YYYY) BLA No. CIF No. Date of Credit to Govt.A/C (DD/MM/YYYY) Nomination registered on (DD/MM/YYYY) HUF declara- tion obtained (Y/N) Total limit declaration obtained (Y/N) NEFT/ECS mandate obtained (Y/N) Any other information Part of Form A Information for Investors of Sovereign Gold Bond 2023 -24 Item Sovereign Gold Bond 2023 -24 1) 1) Category of In vestor The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, charitable institutions and Universities. 2) Limit of investment Minimum subscription of One Gram and Maximum investment of Four kg for individua ls and HUF and 20kg for trust and similar entities per investor per annum. 3) Date of Issue of bonds Date of receipt of bond will be the same which is inscribed on the holding certificate. 4) Forms of Bonds Demat and Physical (Certificate of Hol ding). 5) Interest Option Half yearly intervals. Interest will be credited directly into the account mentioned in the application form or in the Account linked with the Demat a/c. 6) Post Maturity Interest Post Maturity Interest is not payable. 7) Ban k account It is mandatory for the investors to provide bank account details to facilitate payment of interest /maturity value. 8) Nomination Facility The sole Holder or all the joint holders may nominate a maximum of two persons as nominee. 9) Maturity period Eight years from the date of issue. 10) Premature redemption On the coupon dates after fifth year from the date of issue of Bond 11) Tradability Bonds will be tradable. 12) Loans from banks against the security of these bonds The holders of the said securities shall be entitled to create pledge, hypothecation or lien in favour of scheduled banks. 13) Application forms Branches of specified Nationalized Banks, Scheduled Private Banks, Scheduled Foreign Banks , designated Post offices, Stock Holding Corporation of India Ltd. (SHIL), the authorised stock exchanges, and Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI. Instructions for Investors/ Applicants a) Application should be compl ete in all respects. b) Incomplete applications may be rejected or delayed till full particulars are available. c) In case the application is submitted by a Power of Attorney (POA) holder, please submit original POA for verification, along with an attested copy. d) In case the application is on behalf of a minor, please submit the original birth certificate from the School or Municipal Authorities for verification, together with an attested copy. e) Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of an SGB. f) In case nominee is a minor, please indicate the date of birth of the minor and a guardian can be appointed. g) Nomination facility is not available in case the investment is on behalf of minor. h) Please provide bank account details for receiving payment through Electronic mode. i) Please notify the change of bank account, if any, immediately. j) Post maturity interest is not payable. k) Indicate your date of birth. Rights of the Investors a) Holding Certificate will be issued to the investor. b) The interest on the bond is paid half -yearly. The servicing of the Interest will be done through the bank account provided in the Application form or through the A/c linked to the demat, as the case may be. c) Application forms for investments u nder Sovereign Gold Bonds 2023 -24 are available on the website at www.rbi.org.in. d) A sole holder or all the joint holders may nominate maximum of two nominees to the rights of the bonds. e) The nomination will be registered at the Office of Issue and a Certif icate of Registration will be issued to the holder. f) The nomination can be altered by registering a fresh nomination. g) The existing nomination can be cancelled by a request to the Office of Issue. h) The investor is entitled to receive repayment amount within f ive clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above, you may lodge a complaint in writing in to the nearest office of Reserve Bank of India as under: THE REGIONAL DIRECTOR, RESERVE BANK OF INDIA, CONSUMER EDUCATION AND PROTECTION DEPARTMENT/ BANKING OMBUDSMAN (LOCATION) -------------------------------------- YOU MAY ALSO ADDRESS YOUR COMPLAINT TO: THE CHIEF GENERAL MANAGER INTERNAL DEBT MANAGEMENT DEPARTMENT CENTRAL OFFICE FORT, MUMBAI -400 001, MAHARASHTRA Disclaimer: - I have read and understood the details of information for the investors as well as rights and duties of investors. The agent/bank has explained the features of the scheme to me. Signature of the applicant Form ‘B’ [See Paragraph 5(4)] Acknowledgement Receipt Application No…………………………. Date ………/………/………………… Received from Mr/Mrs/Ms…………………………………………………………………………………………Cash/ Demand Draft/Cheque No./Electronic Transfer/………………………………… …………… dated ……/………/…… drawn on (Bank and branch) ………………………………………………………………for ___ grams totaling an amount of ₹..…………… (Rupees……………………………………..…………………………… only) for the purchase of Sovereign Gold Bond 2023 -24 – Series III/IV for a period of 8 years, intere st payable on basis of the nominal value of ₹………………………… (Rupees…………………………………………only). (Stamp / Seal of the Receiving Office) Form ‘C’ [See paragraph 6 (1)] Government of India SOVEREIGN GOLD BOND 2023 -24 Certificate Number - I hereby certify that, Smt. /Shri --------------------- -------------------------------------------------------- is the registered holder of ---------------------------------------------- units of Sovereign Gold Bond 2023 -24 – Series III/IV. The Sovereign Gold Bond 2023 -24 – Series III/IV will bear interest a t --------- percent per annum on initial investment of ₹-------------- , payable at half yearly intervals on -------------------------- and --------------------------------- every year. The Bonds are redeemable on -------------- with the option for early rede mption after fifth year on interest payment dates. Application Receiving Office This is a system generated certificate and does not require any signature. Form ‘D’ [See paragraph 16] NOMINATION I/We …………………………………………………………… (Na me and address), the holder/s of Stock cer tificate /BLA No……………… for the loan……………… .. hereby nominate the following p erson/s who shall on my/our death have the right to the Government securities/Bonds and receive payment of the amount for the time b eing due on the Government securities/Bonds spec ified below: PARTICULARS OF NO MINEE: Date of issue Amount ₹ Date of repaym ent Full name with expanded initia ls and address of nominee Date of birth in case of minor Relation - Ship to holder/s Particulars Of bank account To be filled in case if nominee is minor: As………………………………………. the sole nominee above is a minor on this date, I/We appoint Shri/Smt./Kumari …………… ……………………………… to rec eive the amount for the time being due to the a bove Government secu rities/Bond in the event of my/our dea th during the minority of the said nominee......................................................................... If the nomination is in substit ution of the one already made: This nomination is in subs titution of the nomination dated………………… made by me/us and registered on your books at………………………..wh ich shall s tand cancelled on registration of this nomination. Place: Date: (Signature(s) of the Stock Certificate holder(s) /BLA holder(s)) Signature with na me and address of witnesses: 1………………………………………………………………………………………… 2………………………………………………………………………………………… Acknowled gment We acknowledge having re gistered the nomination in favour of………………… …… (Name of nominees) for the St ock Ce rtificate/ BLA N o.…………………… for the loan……………………… and the nomination registration no. is…………… …… Please quote the above nomination registration no. in all communication pertaining to change or cancellation of nomination. Date:…………………. Authorised Off icial…………………….. Form ‘E’ [See paragraph 16] CANCELLATION OF NOMINATION I/We………………………………………( name a nd address) do here by canc el the nomination dated………………………… made by me/us in respect of the following St ock ce rtificate/Bond Ledger Account No., and registered by the P ublic D ebt Office/branch of the Agency bank on……… ……………(da te) vide Re gistration No.………………... Particulars of the Stock Ce rtificate / Bonds Date of Issue Nomenclature of The loan Stock Certificate/ BLA No. Amount(₹) Place: (Signature(s) of the Stock Certificate holder(s) Date: . /BLA holder(s)) Signature with na me and address of witnesses: 1………………………………………………………………………………………… 2………………………………………………………………………………………… Acknowled gment We acknowledge having canc elled the nomination in favour of ……………………… (Name of Nominees) for the Stock Ce rtificate/B LA N o.…………………… for the loan ……………………… noted v ide our nomination registration no.…………….. Dated………………… Date:…………………. Authorised Off icial…………………….. Form ‘F’ [See paragraph 17] TRANSFE R OF STOC K CERTIFICA TES I/We* …………………………. ( transferor/s) do hereby ass ign and transfer my/our* interest or share in the inscribed stock ce rtificate number…………… ..of …… …… perce nt Government Loan of ……………. amounting to `………. being the amount /a portion of the stock for `………. as specified on the face of this instrument together with the accrue d interest thereon to……………………… .(transferee/s), h is/her/ their* executors, administrators or assigns, and I/We* …….………… do freely accept the stock certificate number……………….to the extent it has be en transferred to me/us*. I/We*……………………….( transferee/s)hereby request that on my/our*being registered as the holder/s of the stock transfer red to me/us* , the above stock certificate to the extent it has been transferred to me/us*may be renewed in my/our*name (s)/converted in my/our*name(s). @I/We*………………………. (transferor/s)hereby req uest that on the above transferee(s) being registered as the holder/s of the stock hereby transfer red to hi m/them*,the aforesaid stock certificate to the extent it has not been transfer red to him/them*may be renewed in my/our*name(s). As witness, our hand the …………… day of …………… two thousand and……………… Signed by the above-named transfer or In the presence of **…… ………………. Signature of transferor……………….. Address:…………………………… ... Signed by the above-named transferee In the presence**………………………. Signature of transferee……………… .. ……………………………………….. *: De lete wh ichever is not appl icable. @: This paragra ph is to be used only when a p ortion of the Cer tificate is transferred. **: S ignature, occupat ion and address of witness. Witness should be dif ferent for Transfer or and transferee. Transferred: Stock Ce rtificate issued. N o/s……………… ….dated………… ………… .. Man ager, Reser ve Bank of India, ……… Annexure I (Refer to para 2(b) of notification da ted December 08, 2023 ) List of Scheduled Commercial Banks PUBLIC SECTOR BANKS PRIVATE BANKS 1 State Bank of India 1 Axis Bank Ltd. 2 Bank of Baroda 2 Catholic Syrian Bank Ltd. 3 Bank of India 3 City Union Bank Ltd. 4 Bank of Maharashtra 4 Development Credit Bank Ltd. 5 Canara Bank 5 Dhanlaxmi Bank Ltd. 6 Central Bank of India 6 Federal Bank Ltd. 7 Indian Bank 7 HDFC Bank Ltd. 8 Indian Overseas Bank 8 ICICI Bank Ltd. 9 Punjab National Bank 9 IndusInd Bank Ltd. 10 Punjab & Sind Bank 10 Jammu & Kashmir Bank Ltd. 11 Union Bank of India 11 Karnataka Bank Ltd. 12 UCO Bank 12 Karur Vysya Bank Ltd. 13 Kotak Mahindra Bank Ltd. 14 Nainital Bank Ltd. 15 RBL Bank Ltd. 16 South Indian Bank Ltd. 17 Tamilnad Mercantile Bank Ltd. 18 Yes Bank Ltd. 19 Bandhan Bank 20 IDFC First Bank Ltd 21 IDBI Bank Ltd. FOREIGN BANKS 1. Australia and New Zealand Banking Group Ltd. 24. Woori Bank 2. Bank of Bahrain & Kuwait BSC 25. KEB Hana Bank 3. AB Bank Ltd. 26. Indus trial Bank of Korea 4. Sonali Bank Ltd. 27. Kookmin Bank 5. Bank of Nova Scotia 28. Bank of Ceylon 6. Industrial & Commercial Bank of China Ltd. 29. Cred it Suisse A.G 7. BNP Paribas 30. CTBC Bank Co., L td. 8. Credit Agricole Corporate & Investment Bank 31. Krung Thai Bank Pub lic Co. L td. 9. Societe Generale 32. Abu Dhabi C ommercial Bank L td. 10. Deutsche Bank 33. Mashreq B ank PSC 11. HSBC Ltd 34. First Abu Dhabi Bank PJSC 12. PT Bank Maybank Indonesia TBK 35. Emirates Bank NBD 13. Mizuho Bank Ltd. 36. Barclays B ank Plc. 14. Sumitomo Mitsui Banking Corporation 37. Standa rd Chartered Ba nk 15. MUFG Bank, Ltd. 38. NatWest M arkets Plc 16. Cooperatieve Raboban k U.A. 39. American Express Ban king Corpor ation 17. Doha Bank 40. Bank of America 18. Qatar National Bank 41. Citibank N .A. 19. JSC VTB Bank 42. J.P. Morgan Chase Bank N.A. 20. Sberbank 43. SBM Bank (India) Limited 21. United Overseas Bank Ltd 44. DBS Bank India Limited 22. FirstRand Bank Ltd 45. Bank of China Ltd. 23. Shinhan Bank Annexure -II (Refer to para 2(b) of Notification dated December 08, 2023) List of Post Offices is provided in the Press Release of Reserve Bank of India dated Decemb er 08, 2023 at www.rbi.org.in Annexure III (Refer to para 2(b) of Notification dated December 08, 2023) List of recognised Stock Exchanges and other entities authorised as Receiving offices for the Sovereign Gold Bond s 2023 -24 1. National Stock Exchange of India Ltd. (NSE) 2. Bombay Stock Exchange Ltd. (BSE) 3. Stock Holding Corporation of India Ltd. (SHCIL) 4. Clearing Corporation of India Limited (CCIL) Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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