Latest SGB tranche opens on Monday: 6 ways to invest in Sovereign Gold Bonds Therefore, the date of issuance in SGB Series III is December 28, 2023
Sovereign gold bonds (SGBs) will be issued by the government in two tranches: one this month and another in February. Note that the SGBs are restricted for sale to resident individuals, HUFs, Trusts, Universities, and Charitable Institutions. Investors can invest in SGB through net banking, mobile app, by visiting banks, designated post offices or Stock Holding Corporation of India Limited.How to buy Sovereign Gold Bonds (SGB) online through SBI, HDFC Bank, PNB, Canara Bank, ICICI Bank
The SGB Series 2023-24 Series III subscription period is scheduled from December 18 – December 22, 2023. Therefore, the date of issuance in SGB Series III is December 28, 2023.
Where to buy SGB
The SGBs will be sold through Scheduled Commercial banks (except Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited, according to a Reserve Bank of India notification on December 8, 2023.
Here is a look at different ways to invest in SGB.
SGB trough net banking
How to buy SGB online via HDFC Bank net bankingStep 1 - Login into your HDFC net banking
Step 2 - Click on the 'Offers' tab in the menu bar
Step 3 - Click on 'Buy now' on SGB banner. Note: If there is no active SGB subscription, you will not see the SGB banner.
Step 4 - Click on 'Ok" on Pop up message.
Step 5 - Another popup will appear regarding 'demat account must be activated if you want to receive your SGB in Demat from'. Click on 'Ok".
Step 6: Your basic details will be auto-filled like customer ID name, DOB, address, and PAN number.
Step 7: Enter the gold units that you want to buy. Enter the nominee details.
Step 9: Tick the ' I have read and understand terms & conditions" box. Click on the 'Generate OTP' button.
Step 10 - Submit the OTP that you receive on your mobile number.
How to invest in SGB through mobile app
Step 1: Login ICICI Bank mobile banking appStep 2: Select ‘Invest and Insure’
Step 3: Select Sovereign Gold Bond
Step 4: Select grams and make payment.
How to buy Sovereign Gold Bonds through the Upstox app
Step 1: From the ‘Account’ section switch to ‘Upstox for investors’ if you’re on the ‘Upstox Pro for traders’ mode.Step 2: Click on ‘Invest in Gold’ from the Homepage or More
Step 3: From the ‘Explore’ section, look for an open Sovereign Gold Bond (SGB) series that you wish to invest in
Step 4: Go through the details of the SGB and click on the ‘Apply button’
Step 5: Select the number of units who wish to purchase and review your order
Physically visiting Banks, designated post office.
One can invest in SGB by visiting the bank branch or designated post office. Fill the form with units and other details and submit along with cheque or DD to make payment. Attach PAN card and Aadhaar cards.
Physically visiting Banks, designated post office
One can invest in SGB by visiting the bank branch or designated post office. Fill the form with units and other details and submit along with cheque or DD to make payment. Attach PAN card and Aadhaar cards.How to buy SGB SGBs on Paytm Money
Here are the steps to apply for SGBs on Paytm Money:Step 1: Go to SGB landing page to view current, upcoming and closed SGBs
Step 2: Select the SGB to view details
On clicking Apply, you are directed to the order page
Enter the quantity you want to bid for and click Apply.
How to invest SGB through Retail direct website
Follow these steps to register for the Retail Direct Gilt Account:Step 1: Open https://rbiretaildirect.org.in and click on "Open RBI Retail Direct Account"
Step 2: Click on "Register here"
Step 3: Select Account Type and enter the details such as Name, PAN, and Date of Birth
Step 4: Verify email and mobile with OTP sent and enter the preferred Login name.
Step 5: It opens a Preview page when you click "Preview and Submit."
Step 6: To begin the KYC procedure, click "Initiate KYC." On the following page, there are two alternatives for KYC.
Step 7: Using the PAN, you can search for information. If the customer's PAN is not available in the CKYC database, the error message "Failed to Search CKYC Number Please Try Again Later" appears.
Step 8: The customer can review the CKYC information on the screen and then click "SUBMIT."
Step 9: Customers can fill out "ADDITIONAL PERSONAL DETAILS" on the following page and make a declaration under FATCA and PMLA.
Following the submission of the application, the investor can review the terms and conditions as well as the signee's name. The investor will be sent a letter with instructions on how to digitally sign the Terms and Conditions using an Aadhaar-enabled OTP.
After registering, one can easily invest in SGB through the website.
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This story originally appeared on: India Times - Author:Faqs of Insurances
