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How can physical SGBs purchased from banks and other financial intermediaries be converted?

Physical SGBs bought through a bank or other financial intermediary can be converted to a demat form by submitting the dematerialisation request to the issuer banker or financial intermediary. The bank or intermediary will upload the data to the e-Kuber portal of RBI to process the request.

To process the dematerialisation request, a copy of the Client Master Report (CMR) attested by the Depository Participant (DP) would be required. To learn more about CMR, see What is Client Master Report (CMR), and how to get it?

Did you know? If the SGBs were purchased through a bank, the nodal branch of the bank must be contacted.