How to Buy Sovereign Gold Bonds?

There are multiple ways to buy or invest in gold but Sovereign Gold Bonds is the best way. This is because it’s safe, secure, easy to manage, no need to check for impurity and above all you are paid 2.5% interest!

These Sovereign Gold Bonds are open for subscription from time to time and people eligible can invest in them – both online and offline. The advantage of investing online is you get Rs 50 discount over the listed price. For example, the first Series of Sovereign Gold Bonds in FY 2018-19 has the listed price of Rs 3,114 but if you invest online you can get the same at Rs 3,064.

Where to Buy Sovereign Gold Bonds?

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

Nationalized Banks:

There are 21 nationalised banks which sell gold bonds:

Allahabad BankCorporation BankPunjab National Bank
Andhra BankDena BankState Bank of India
Bank of BarodaIDBI Bank LtdSyndicate Bank
Bank of IndiaIndian BankUCO Bank
Bank of MaharashtraIndian Overseas BankUnion Bank of India
Canara BankOriental Bank of CommerceUnited Bank of India
Central Bank of IndiaPunjab & Sind BankVijaya 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.

Also Read: Latest issue of Sovereign Gold Bonds

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

Post Offices:

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

Stock Exchanges:

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

Also Read: 23 most common Investments and how they are Taxed?

Sovereign Gold Bonds Forms:

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 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

Also Read: 25 Tax Free Incomes & Investments in India

Buy Sovereign Gold Bonds Online – 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: Fill the Form

Buy Sovereign Gold Bond Online on ICICI Bank - Form

Buy Sovereign Gold Bond Online on ICICI Bank – Form

You are done!

Also Read: 13 Investments to Generate Regular Income

Buy Sovereign Gold Bonds Online – SBI:

Follow the following steps:

Step 1: Login to SBI Net banking

Step 2: Go to e-Services

Buy Sovereign Gold Bond Online on SBI

Buy Sovereign Gold Bond Online on SBI

Step 3: Click on Sovereign Gold Bonds

Step 4: Fill the Form

SBI Sovereign Gold Bond Online Form

SBI Sovereign Gold Bond Online Form

You are done!

Also Read:Highest Interest Rate on Bank Fixed Deposits

Buy Sovereign Gold Bonds Online – Reliance Securities Demat:

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!

Download: How to Save Income Tax for Salaried and Professionals for FY 2018-19?

To Conclude:

As you can see investing in Sovereign Gold Bonds online through banks (SBI, ICICI, Axis) and demat account is matter of just a few clicks. If you want to buy Sovereign Gold Bonds do it online as it’s not only convenient but also gives you a discount of Rs 50 over the listed price!

Leave a Reply

Your email address will not be published. Required fields are marked *