How to buy Sovereign Gold Bonds (SGB) online through SBI, HDFC Bank, PNB, Canara Bank, ICICI Bank
Sovereign Gold Bond Scheme 2023-24 — Series II was opened for subscription on September 11 and it will be available till September 15, 2023. The nominal value is Rs 5,923 per gram of gold. The issuance price of the Gold Bonds would be Rs 50 per gram less than the nominal value for investors who apply online and pay against the application using a digital means.
The nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period, i.e. September 06, September 07, and September 08, 2023.
Here is a look at how to buy SGB on various bank websites.
How to buy SGB online via SBI net banking
How to register for Sovereign Gold Bond (SGB)
Step 1: Login SBI Net Banking using credentials
Step 2: Click on ‘e-Service’ from main menu
Step 3: Click on ‘ Sovereign Gold Bond Scheme’
Step 4: You must register if you are a first-time investor. Select 'Register,' from header tab then 'Terms and Conditions,' then 'Proceed.'
Step 5: Enter all your details that are not auto-filled. Add nomination and other details.
Step 6: Choose the Depository participant from NSDL or CDSL where your demat account is held.
Step 7: Enter DP ID, Client ID and click ‘Submit’ tab
Step 8: Confirm the details and click ‘ Submit’ tab
How to buy Sovereign Gold Bond scheme through SBI
Step 1: Login SBI Net Banking using credentials
Step 2: Click on ‘e-Service’ from main menu
Step 3: Click on ‘Sovereign Gold Bond Scheme’
Step 4: Select 'Purchase,' from header tab
Step 5: Select the tab ‘Terms and Conditions’ tab and Click ‘Proceed’
Step 6: Enter ‘Subscription quantity’, nominee details
Step 7:
