Here is how one can purchase sovereign gold bonds on-line from SBI

The newest tranche of sovereign gold bonds (SGB) opened for subscription at this time(1 March). The difficulty value for Sovereign Gold Bonds 2020-21 (Series XII) has been fastened at ₹4,662 per gram, the Finance Ministry has mentioned. The nation’s high lender State Bank of India (SBI) gives the choice of shopping for SGBs on-line. Investors may also purchase gold bonds from business banks, Stock Holding Corporation of India Limited (SHCIL), submit places of work designated by RBI and recognised inventory exchanges. Also Read | Assam shakes up the micro loans universe Here are the steps to put money into SGB by way of SBI: Log in to your SBI internet banking accountClick on eServices and go to ‘Sovereign Gold Bond’Select ‘phrases and circumstances’ and click on on ‘proceed’Fill the registration type. This is a one-time registrationClick on submitEnter the subscription amount and nominee particulars within the buy formNow, click on on ‘submit’In a tweet, SBI had mentioned, “Get returns and safety together! 6 golden reasons to invest in Sovereign Gold Bonds. SBI customers can directly invest in INB under e-services.” SG are issued in denominations of 1 gram of gold and in multiples thereof. The minimal funding within the gold bonds shall be one gram with a most restrict of subscription of 4 kg for people, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and related entities. Subscribe to Mint Newsletters * Enter a legitimate e-mail * Thank you for subscribing to our publication.