How to Buy Sovereign Gold Bond Online: SGB Status, Issues, Rate Check

Sarvin Batra
7 Min Read

This post guide you toward How to Buy Sovereign Gold Bond Online, Where to buy, How to check your SGB Status, Upcoming issues, Rate check online? then you are in the right place.

What is Sovereign Gold Bond?

How to Buy Sovereign Gold Bond

Gold is not only one of the most precious but one of the best commodities for investment too.

If the investors want to invest their money there are so many options is available for him.

for example, you can-

  • Invest in the Stock market.
  • Buy the mutual funds.
  • Fixed deposit in the banks.
  • Invest in Real-state.
  • Invest in Digital Cryptocurrency.

However, amongst all of the Gold is one of the most stable options for the individual investors who want to make sure they will not only get a good return but also not lose money in the process.

There are many different ways you can invest money in gold.

You can either buy gold jewelry, buy digital gold, or invest in Sovereign Gold Bonds.

Sovereign gold bonds are the bonds which are introduced in the year 2015 with the aim to provide risk-free investment options by RBI.

These bonds are issued by the Reserve Bank of India and have a maturity time of a minimum of 8 years.

Here from these bonds, the investor will not get the initial investment along with return but also paid 2.5% interest each year.

So for those who want to invest in Gold, SGB is the best available option.

Not convinced? you can check what labor law advisor has to say about it-

How to Buy Sovereign Gold Bond Online

There are multiple ways an individual investor can buy Sovereign Gold Bond.

The most common, convenient, and easy way is to buy using your Online Demat account preferably using Discount brokers like Zerodha.

If you want you can also buy it with the help of Internet banking, if you have an account in ICICI, HDFC, State Bank, or any other nationalized bank.

Buy Sovereign gold bond in Zerodha

Zerodha Kite users can buy Sovereign gold bonds easily using their Demat account.

Here is the process for it-

  1. Head over to the official Zerodha SGB page using this link.
  2. Tap on the invest now buttons there.
  3. You’ll be redirected to the kite.Zerodha.Com login page.
  4. Log in using your Kite username, password, and pin.
  5. Now you’ll be able to see the latest issue of the Sovereign Gold Bonds Scheme, its last date, and more.
  6. Enter how much you want to buy in Quantity in invest (Quantity is in gram there).
  7. The price will be calculated automatically for you.
  8. Once you are sure you can tap on the place order button.

Now pay the amount using UPI or any other payment mode.

It’ll take a maximum of 10 days to allot and once it allotted you can see your Kite holding in both mobile app or website.

Buy Sovereign gold bond in Groww App

Recently Groww also has introduced the option to buy SGB in their app.

If you want to buy gold bond using the Groww app, then here is the step-by-step process for you-

  1. Open the Groww App on your phone.
  2. On the stocks page, Scroll down till you see the More products section.
  3. There you will see the SGB option, Tap on that.
  4. A new page will open and there you’ll find all of the available information about the current Sovereign Gold bond issue.
  5. If you are interested, click on the apply button there.
  6. Enter the quantity, you have to choose the quantity in grams there. You will see the current price right next to the issue price.
  7. Add money if you don’t have enough in your Groww account.

Once you applied successfully it’ll take up to 7 days to allot.

Once the SGB will allotted to you, You can check them in your Groww account dashboard.

What is Sovereign Gold Bond Lock-In Period

Once the maturity period is over, an investor can redeem their bonds in Indian Rupees.

The redemption price will be simply the closing price of Gold. The payment will be sent to the investor’s account within 3 working days.

Both interest and redemption amounts will be credited to your bank account.

However, even the maturity period is 8 years investors are allowed early encashment after the fifth year from the date of issue.

You can trade on the exchange using your Demat account.

Sovereign Gold Bond upcoming issues

Every Sovereign Gold Bond upcoming issues information is provided by the press release and official notification.

If you are interested in SGB and want to know about upcoming issues you can RBI SGB official notifications.

Government issues those bonds multiple times a year, so you don’t have to worry if you miss the last issue.

Check SGB Rate Today online

No doubt, purchasing via an online Demat account is the most convenient way for the investors to SGB’s.

And you buy using your online Demat account then you will be able to see your Gold Bond units and live prices in your Dashboard.

You will be able to see them in the same way you will see the shares that you bought in your holding.

Apart from your Demat account dashboard, you can also see it on CDSL easi portal by Central depository services using the same Demat account that you have to buy gold bonds.

If you didn’t buy bonds yet you can check the live price chart on NSEIndia.Com.

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Sarvin Batra is the Main Author, Editor at CnbDaily. He is an Expert in Tech especially Related to mobile phones, Android applications and Their uses. You can Connect with him on His Twitter Profile @SarvinBatra
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