Sovereign Gold Bond 2023-24 series 3: How to buy SGB from banks, post offices, stock exchanges. Step-by-step guide
₹6,199 per gram. The love for the yellow metal lies in the roots of India and gold is considered a hedge against inflation. The Sovereign Gold Bond scheme offers a golden opportunity for people who are hesitant to buy physical gold as apart from safety issues the investors are compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.
Log in to your net banking account ( SBI, HDFC Bank, PNB, Canara Bank, ICICI Bank) Select 'e-Service' from the main menu and choose 'Sovereign Gold Bond'. -Select ‘terms and conditions’ and click on ‘proceed’ -Fill out the registration form. This is a one-time registration.
-Select the Depository participant from NSDL or CDSL where your demat account is held. -Click on submit -Enter the subscription quantity and nominee details in the purchase form -Now, click on ‘submit’ -Enter the one-time password (OTP) sent to your mobile phone to complete the process. 1)Investors can also buy gold bonds from commercial banks, 2)You can invest in SGB Online through net banking.
3) Through the mobile application of your bank. 4) By visiting a bank branch or designated post office physically. Fill out the form along with units and submit it along with a Cheque or DD to make payment.
Attach your Aadhaar Card and PAN card also. 5)Through RBI Retail direct website 6)Investors can also buy gold bonds from Stock Holding Corporation of India Limited (SHCIL) 7) Investors can also buy gold bonds from recognised stock exchanges. The issuance of SGB 2023-24 Series III will take place on December 28.
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