Bank announces Financial Results for quarter ended, 31st December 2024.
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Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Sovereign Gold Bonds
Note : The Bank may use the services of agents in sales/marketing etc. of its various products A sovereign gold bond (SGB) is a government security that is denominated in gold grams. It is a substitute for physical gold. Investors invest in these bonds when the scheme opens and it is redeemed on maturity. The Reserve Bank of India on behalf of the Government of India manages the sovereign gold bond scheme. Bank of Baroda offers customers the opportunity to invest in the sovereign gold bond scheme through all of its branches in the country.
The minimum investment that can be made in this bond is 1 gram. Each individual or HUF can hold a maximum of 4 kgs every year in such bonds. For trusts, charitable institutions, the maximum limit is 20 kgs.
Interest will be earned on the Sovereign Gold Bonds at the rate of 2.5% annually, paid semi-annually.
The prices of the gold bond are transparent since they are linked to the price of gold in the market.
There is an exit option for investors after the 5th year of the date of issue of the Bond. Repayments will be done on the next interest payment date.
The sovereign gold bond offers joint holders and nominees to the investors.
Bonds held in Demat form are eligible to be traded on the stock exchanges.
Cash, demand draft, cheques, internet banking/bob World are acceptable modes of payment for the sovereign gold bond scheme, India. However, cash is only accepted up to Rs. 20,000.
The issue price for SGB-Series-2023-24-Series-I is Rs 5,926/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 5,876- per gram.
Mode of Subscription
The issue price for SGB-Series-2023-24-Series-II is Rs 5,923/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 5,873)- per gram.
The schedule of Sovereign Gold Bonds 2023-24 Tranche I, II as announced by Reserve Bank of India is specified as under, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified below.
The issue price for SGB-Series-2023-24-Series-III is Rs 6,199/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 6,149/- per gram.
The issue price for SGB-2023-24 Series-IV is Rs 6,263/- per Gram and GOI in consultation with RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value for the investors applying online. For such investors, the issue price will be Rs 6,213/- per gram.
The schedule of Sovereign Gold Bonds 2023-24 Tranche III, IV as announced by Reserve Bank of India is specified as under, provided that the Central Government may, with prior notice, close the Scheme at any time before the period specified below.
Frequently Asked Questions (FAQs)
A sovereign gold bond (SGB) is a government security that is denominated in gold grams. Bonds issued by GOI that hold the value of Gold denominated in grams in the form of bond.
One should buy SGB rather than physical gold because there is no risk of theft, damage or storage. The benefits are:-
No, there is no risks in investing in SGBs.
Trust, HUFs, Charitable Institutions, University or resident Indian are eligible to invest in the SGBs.
Yes, joint holding will be allowed under mode of operation Anyone or Survivor, Either or Survivor.
No, minor cannot invest in SGB. But an individual, in his capacity as such individual, or on behalf of minor child, can invest.
The investors can get the application form through any BoB branch or website.
No, there should be only one Investor ID for one subscriber.
The limit for investment is: Minimum -1gm Maximum Subscription - Individual 4 kg HUF – 4 kg Trusts – 20 kg
Yes, every application must be accompanied by the ‘PAN details’ issued by the Income Tax Department to the investor(s).
Yes, an investor/trust can buy 4 Kg/20 Kg worth of SGB every year.
In case of joint holding, the limits of 4Kg shall be applicable to the first applicant only.
Earns interest @ 2.5% payable half yearly to the holder of SGB unlike physical gold.
After completion of settlement the customers will be issued Holding Certificate.
Yes, it is through Net Banking & Mobile Banking , SGB can be applied.
The bonds are sold as per the decision by RBI.
The redemption amount will get through operative SB account.
The lock-in period of the bond is 8 years, although a customer becomes eligible for early redemption after completion of 5 years. The customer can apply for redemption only when RBI comes up with the redemption window for the specific tranche which is around the interest due date.
Yes, one can use these securities as collateral for loans.
Earns interest @ 2.5% payable H.Y to the holder of SGB unlike physical gold.
Yes, you can trade these bonds if bond is purchased or converted in DEMAT form.
As per the guidelines issued by RBI, on the death of the SGB Holder, the name of the nominee will be substituted as the bond holder in place of the deceased holder and a fresh certificate will be issued under proper authentication.
No, one cannot get the part repayment of these bonds at the time of exercising put option.
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