Applying for the new Sovereign Gold Bond (SGB) tranche? Here are 15 things you should know
SGB) can be bought physically through agents or receiving officers, applications must be submitted to branches during regular business hours on the weeks of subscription, as specified from time to time by the RBI and the Government of India. The prescribed application Form A must be used to subscribe to the form.
Here are a few things to keep in mind about how the receiving officer will handle your application and how you can obtain a certificate of holding if your application is accepted, according to the SGB procedure guidelines.
How to buy Sovereign Gold Bonds (SGB) online through SBI, HDFC Bank, PNB, Canara Bank, ICICI Bank
1. PAN details
Every application will be accompanied by the ‘PAN details’ issued by the Income Tax Department to the investor(s).
Relevant additional details will be obtained from the applicants, where necessary.
2. Investor ID
The Investor ID generated from RBI’s E-Kuber is a unique id which is created while applying for SGB or Inflation Indexed National Savings Securities- Cumulative, 2013 (IINSC-C).
In case the applicant already has an investor ID issued by RBI’s E-Kuber portal for above investment in any of the earlier tranches, the same will be quoted by investor while making any subsequent applications.
This Sovereign Gold Bond series can be prematurely withdrawn at 114.5% higher than issue price
3. Existing investor ID
While accepting applications, ROs will ascertain from the applicant the details of existing investor ID if any.
In case of failure to quote the same, the E-Kuber portal shall reject the application, while uploading the same.
4. Payments for applications
All payments for subscription to SGB will be accepted in Indian Rupees through cash up to a maximum of Rs.20,000/- or
