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Why is the error "Fresh buying is blocked for SGBs in your account, since depositories (CDSL) have stopped allowing credit of SGBs into non-individual demat accounts" displayed?

As per RBI regulations, non-individual accounts such as corporate and Limited Liability Partnership (LLP) accounts are restricted from purchasing Sovereign Gold Bonds (SGB). As a result, CDSL has frozen the credit of SGBs to these accounts. This restriction applies only to the purchase of SGBs. However, you can sell SGBs from these accounts without any limitations.

A Non-Resident Indian (NRI) cannot invest in SGBs. Individual investors who later change their residential status from resident to non-resident may continue to hold SGB till early redemption or maturity.

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