Last day to subscribe Sovereign Gold Bond! Here's how to apply quickly through various platforms

If you are interested in investing in Sovereign Gold Bonds (SGBs), you need to hurry up as the window for investment is open till today, February 16. To help make the process easy and quicker, ZeeBiz has listed some online platforms through which one can invest in SGBs without any hassle. Groww, Zerodha Kite, and others provide investors with the facility to invest in SGB online. 

Here is a step-by-step guide on how to invest in SGBs through these platforms:

Zerodha Kite 

Step 1: Visit the Zerodha Kite website or download the app 

Step 2: Log in or register yourself on the platform

Step 3: Click on Bids.

Step 4: Click on Govt. securities.

Step 5: Click on Place bid.

Step 6: Enter the amount and click on Place bid

Groww 

Step 1: Visit https://groww.in/sovereign-gold-bonds

Step 2: Click on buy now 

Step 3: Register yourself or login 

Step 4: Search for SGB 

Step 5: Click apply 

Step 6: Mention the quantity and click on Place order

Investors can also buy Sovereign Gold Bonds online via commercial banks’ website 

Step 1: Login into the preferred bank’s Internet banking account.

Step 2: Click on the “e-service” option and then choose the “Sovereign Gold Bond” option.

Step 3: Read attentively the “terms and conditions” put down by the RBI and “Proceed”.

Step 4: Complete the registration form and select “Submit”.

Step 5: In the purchase form, enter the quantity of subscription and the nominee details.

Step 6: Now, after verifying the details, click on the “Submit” option.

What is SGB? 

SGBs are government securities denominated in grammes of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash, and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of the Government of India.

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