India's largest lender State Bank of India (SBI) offers the option of buying sovereign gold bonds (SGB) online. The issue price for Sovereign Gold Bond Scheme 2021-22 Series-I has been fixed at Rs 4,777 per gram. The latest tranche of SGB opened for subscription on May 17.
"Here's a golden opportunity! 6 golden reasons to invest in Sovereign Gold Bonds. SBI customers can directly invest in INB under e-services," SBI said in a tweet.
Here's a golden opportunity!
6 golden reasons to invest in Sovereign Gold Bonds.
SBI customers can invest in these bonds on https://t.co/YMhpMwjHKp under e-services.
Know more: https://t.co/H4BpchASeA#Gold#GoldBond#SGBWithSBIpic.twitter.com/47HiRKNHWH— State Bank of India (@TheOfficialSBI) May 17, 2021
Sovereign gold bonds through SBI: Here is a step-by-step guide:
-Log in to your SBI net banking account
-Click on eServices and go to ‘Sovereign Gold Bond’
-Select 'terms and conditions' and click on ‘proceed’
-Fill the registration form. This is a one-time registration
-Click on submit
-Enter the subscription quantity and nominee details in the purchase form
-Now, click on ‘submit’
Commercial banks, Stock Holding Corporation of India Limited (SHCIL), post offices designated by RBI and recognised stock exchanges offer investors to buy gold bonds.
To reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings in November 2015, the sovereign gold bond scheme was launched.
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