How to buy Sovereign Gold Bonds (SGBs) ?
To buy SGBs, follow these steps:
Kite app
- Tap on Bids.
- Tap on Govt. securities.
- Tap on Place bid.
- Tap on Place bid again and tap on Submit.
Kite web
- Login to kite.zerodha.com.
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Click on
Bids.
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Click on
Govt. securities.
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Click on
Place bid.
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Enter the amount and click on
Place bid.
Did you know?
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Bids placed for SGBs from
Govt. securities
on Kite section are purchased through the primary market.
- SGB units will be allotted within 15 days after the offer's closure, and it may take up to an additional 15 days for them to be displayed in Kite holdings after listing.
- SGBs purchased from the Kite marketwatch (secondary market) will be displayed in Kite holdings on T+2 day once it is delivered.
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An email is sent with the status of the SGB order after the offer closes.
- Funds will be debited from the Zerodha account on the last day of the order collection window. Credit from stocks sold on the closing day of the issue will not be considered towards the purchase of SGBs.
- Only individual, Hindu Undivided Family (HUF) and trust account holders can buy SGBs in the primary market. Corporate, Partnership, Limited Liability Partnership (LLP) and Non-Resident Indians (NRIs) account holders cannot buy SGBs in the primary market.
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The refund for fractional units will be credited to the primary bank account linked with Zerodha or Zerodha account within 5-6 days from the date of allotment.
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