SGBs (Sovereign Gold Bonds) are issued by the Reserve Bank of India on behalf of the government of India. SGBs are government securities whose denomination is in grams of gold. SGBs are a substitute for holding physical gold. Investors pay the issue price in cash and the bonds are redeemed in cash upon maturity.
To apply, follow the below steps for the respective platforms:
Step 1: Log in to the Neo App
Step 2: Click on ‘invest’
Step 3: Click on ‘IPO’
You will be guided to a screen page where all the issues which are live in the primary market (E.g. IPOs, NCDs, Bonds, Sovereign Gold Bonds) will be displayed.
Step 4: Select buy against the current SGBs
Step 5: Click on ‘bonds’ under current SGBs. You’ll find all current open issues
Step 6: Select the SGB of your choice
Step 7: Enter the order details to place the order
Step 1: Log in to the Kotak Stock Trading App
Step 2: Add funds in the MF/Bonds ledger as per the SGB application
Step 3: Click on ‘bonds’ under the current SGBs. All open issues will be displayed
Step 4: Select the SGB of your choice
Step 5: Enter the order details to place the order
SGBs (Sovereign Gold Bonds) are issued by the Reserve Bank of India on behalf of the government of India. SGBs are government securities whose denomination is in grams of gold. SGBs are a substitute for holding physical gold. Investors pay the issue price in cash and the bonds are redeemed in cash upon maturity.
Step 1: Add funds in the MF/Bonds ledger as per the SGB application
Step 2: Click on ‘more’ under core investments
Step 3: Click on ‘bonds’ under the current SGBs. All open issues will be displayed
Step 4: Select the SGB of your choice
Step 5: Enter the order details to place the order