SGB or Sovereign Gold Bonds are government securities denominated in grams of gold. They’re a safe alternative to holding physical gold. By investing in them you can earn 2.5% interest + Gold price appreciation and enjoy tax benefits if you hold them till maturity.
You can invest in SGBs from our Upstox app and web portal
- Steps for investing in SGB from the Upstox app
- Steps for investing in SGB from the Upstox web portal
Steps for investing in SGB from the Upstox app
- From the ‘Account’ section switch to ‘Upstox for investors’ if you’re on the ‘Upstox Pro for traders’ mode.
- Click on ‘Invest in Gold’ from the Homepage or More
- From the ‘Explore’ section, look for an open Sovereign Gold Bond (SGB) series that you wish to invest in
- Go through the details of the SGB and click on the ‘Apply button’
- Select the number of units who wish to purchase and review your order
- Select a payment mode and complete the payment process
- Done! Your order has been placed
Steps for investing in SGB from the Upstox web portal
How to purchase Sovereign Gold Bonds from the Upstox web platform?
If all details of your application are correct, you will get to know about your allotment status on the allotment date which is around 7 days from the application closing date. In case your application fails, the order amount will be credited to your Upstox wallet within one working day.