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, there are no limitations on selling SGBs for these accounts.

Did you know? 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/maturity.