How to Buy Sovereign Gold Bonds? Invest with Few clicks on SBI, ICICI, etc

This post tells you multiple ways to buy Sovereign Gold Bonds online. In short time that SGB are in the market it has become quite popular and can be considered the best way to invest in Gold. This is mainly because it’s safe, secure, easy to manage, no fear of impurity and best part is you get paid 2.5% interest every year. The icing on the cake is the capital gains made are tax free in case you redeem the bond after 5 years. 

You can buy the Sovereign Gold Bonds both offline and online. But buying Gold bonds online should be preferred for the following reasons:

  • It’s easy. You can buy by just few mouse clicks
  • the online SGB application form is very simple to fill
  • No additional KYC documents need to be submitted
  • & the best part you get Rs 50 discount on the price of the bond. 

Where to Buy Sovereign Gold Bonds?

We list down the entities which are allowed to sell Sovereign Gold Bonds.

Sovereign Gold Bonds SBI (Nationalised banks)

There are 10 nationalised banks which sell gold bonds:

  • Bank of Baroda 
  • Bank of India
  • Bank of Maharashtra 
  • Canara Bank 
  • Central Bank of India 
  • Indian Bank 
  • Indian Overseas Bank 
  • Punjab and Sind Bank 
  • Punjab National Bank 
  • State Bank of India 

Sovereign Gold Bonds ICICI, HDFC Bank (Private banks)

There are 21 Private banks which sell gold bonds:

Axis Bank Ltd.HDFC Bank Ltd.Kotak Mahindra Bank Ltd.
Bandhan BankICICI Bank Ltd.Lakshmi Vilas Bank Ltd.
Catholic Syrian Bank Ltd.IDFC Bank Ltd.Nainital Bank Ltd.
City Union Bank Ltd.IndusInd Bank Ltd.Ratnakar Bank Ltd.
Development Credit Bank Ltd.Jammu & Kashmir Bank Ltd.South Indian Bank Ltd.
Dhanlaxmi Bank Ltd.Karnataka Bank Ltd.Tamilnad Mercantile Bank Ltd.
Federal Bank Ltd.Karur Vysya Bank Ltd.Yes Bank Ltd.

Foreign Banks

There are 44 Foreign banks which sell gold bonds:

Abu Dhabi Commercial Bank Ltd.Commonwealth Bank of AustraliaOman International Bank
American Express Banking CorporationCredit Agricole Corporate and Investment BankRabobank International
Antwerp Diamond Bank N.VCredit Suisse A.GSberbank
Arab Bangladesh Bank Ltd.(AB Bank)DBS Bank Ltd.Shinhan Bank
Australia and New Zealand Banking Group Ltd.Deutsche BankSociete Generale
Bank International IndonesiaDoha BankSonali Bank
Bank of AmericaFirst Rand Bank Ltd.Standard Chartered Bank
Bank of Bahrain & Kuwait B.S.CHongkong and Shanghai Banking Corpn. Ltd.State Bank of Mauritius
Bank of CeylonIndustrial & Commercial Bank of ChinaSumitomo Mitsui Banking Corporation
Bank of Nova ScotiaJ.P.Morgan Chase Bank N.AThe Royal Bank of Scotland N.V
Bank of Tokyo – Mitsubishi Ltd.JSC – VTB BankUBS AG
Barclays BankKrung Thai BankUnited Overseas Bank Ltd.
BNP ParibasMashreqbankWestpac Banking Corporation
China Trust BankMizuho Corporate Bank Ltd.Woori Bank
Citibank N.ANational Australia Bank 

Buy Sovereign Gold Bonds Post Offices

Click on the link to download the list of approved post offices for buying gold bonds. There are 810 of them.

Buy Sovereign Gold Bonds Demat Account

You can invest in Gold bonds through both National Stock Exchange of India Limited and Bombay Stock Exchange Ltd through demat accounts.

Buy Sovereign Gold Bonds Online

You can buy Sovereign Gold Bonds online on most banks through their net-banking or through demat account. We give you examples of buying online through SBI, ICICI Bank and Reliance Securities Demat Account

Everything you wanted to know about Latest Sovereign Gold Bonds

In case you have any confusion about the Sovereign Gold Bonds features, taxation, when the next issue would open, the price and any other related question, you can read all the details about the latest Sovereign Gold Bonds here.

Buy Sovereign Gold Bonds SBI

Buy Sovereign Gold Bond SBI

➊ Login to Net banking

➋ Select the Menu

Buy Sovereign Gold Bond SBI

Go to e-Services
Click on Sovereign Gold Bonds

➌ Apply for Sovereign Gold Bond SBI

Sovereign Gold Bond SBI Application Form

Apply for Sovereign Gold Bond in SBI by filling out the simple application form. It just asks for quantity you want to invest and through which account. Also in case you need the SGB in Demat form you need to enter your demat account details (DP ID & DP Client ID).
When you Submit the form you get an acknowledgement about the investment. You are done!

Best Fixed Deposit in Banks

Fixed Deposit with Banks is one of the most popular and convenient options for regular income. To help you choose the best, we compare the interest rates on fixed deposit across all major banks in India every month. This may prove to be quite handy for you.

Buy Sovereign Gold Bond ICICI Bank

Follow the following steps:

Step 1: Login to ICICI Net banking

Step 2: Go to Customer Service >> Service Requests

Buy Sovereign Gold Bond Online on ICICI Bank
Buy Sovereign Gold Bond Online on ICICI Bank

Step 3: Click on Sovereign Gold Bonds

Step 4: Apply for Sovereign Gold Bond in ICICI Bank by filling out the simple application form. It just asks for quantity you want to invest and through which account. Also in case you need the SGB in Demat form you need to enter your demat account details (DP ID & DP Client ID).

Buy Sovereign Gold Bond Online on ICICI Bank - Form
Buy Sovereign Gold Bond Online on ICICI Bank – Form

When you Submit the form you get an acknowledgement about the investment. You are done!

Do you Know about Hidden Charges in Banks?

Do you know you pay a few thousand rupees every year to hidden charges of banks. This could range from more known fines for not maintaining minimum balance amount to lesser know POSDEC charge of ICICI Bank. There could be charges for ATM usage, branch visits, cheque books and so on. Do read our article on Hidden Charges in Banks and what you can do about it?

Buy Sovereign Gold Bonds Demat (Reliance Securities)

Follow the following steps:

Step 1: Login to Reliance Securities Account

Step 2: Go to Investment Offerings >> IPO/SGB/ETF/NCD

Buy Sovereign Gold Bond Online on Reliance Demat Account
Buy Sovereign Gold Bond Online on Reliance Demat Account

Step 3: Fill the Form by picking Sovereign Gold Bonds Scheme from drop down

Reliance Demat Account Sovereign Gold Bond Online FormReliance Demat Account Sovereign Gold Bond Online Form
Reliance Demat Account Sovereign Gold Bond Online Form

You are done!

Sovereign Gold Bond Application Forms (offline)

There are 6 forms related to Sovereign Gold Bonds. You can click on each to download the same.

  1. Form A – Application Form for Subscription
  2. Form B – Acknowledgment Receipt
  3. Form C – Bond Holding Certificate (when applied in physical form). This can be converted to demat form
  4. Form D – for Nomination
  5. Form E – for cancellation of nomination
  6. Form F – Transfer of stock certificate

Buy Sovereign Gold Bond FAQs

✅How to Invest in Sovereign Gold Bond?

You can invest in Sovereign Gold Bonds online or offline. All government banks like SBI, private banks like ICICI, HDFC, Axis and foreign banks like Citibank, HSBC, etc sell Sovereign Gold Bond bond both online and offline. You can also invest though Post Office and demat account.

✅Should I buy Sovereign Gold Bond Online or Offline?

You can buy Sovereign Gold Bond either online or through physical application form. We recommend online buying because:
– It’s easy. You can buy by just few mouse clicks
– the online SGB application form is very simple to fill
No additional KYC documents need to be submitted
– & the best part you get Rs 50 discount on the price of the bond. 

✅Do I need Demat Account to buy Sovereign Gold Bond?

Sovereign Gold Bond can be bought without demat account in physical form.

✅Can NRIs invest in Sovereign Gold Bond?

No NRIs cannot invest in Sovereign Gold Bonds. Its only open to resident Indians and their HUFs.

✅Does Sovereign Gold Bond give tax benefit?

There is no tax benefit by investing in Sovereign Gold Bond. People get confused as the capital gains generated at the time of redemption of bond (after 5 years) is tax free.

✅Can I buy Sovereign Gold Bond through Demat Account like Zerodha?

Yes almost all Demat account providers including Zerodha have option to purchase SGB. You can look here for more details.

1 thought on “How to Buy Sovereign Gold Bonds? Invest with Few clicks on SBI, ICICI, etc”

  1. Nice write-up.

    But I am interested to know the procedure to register nomination when invested online.
    Pls reply to my email ID.

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