Sovereign Gold Bond 2023-24 series four to open on February 12: Know steps to buy it online

The SGBs, categorised as Government of India Stock under the Government Securities Act, 2006, offer investors an unique avenue for gold investment.

Upon subscription, investors will be furnished with a Certificate of Holding, and these bonds can be converted into demat form.

To facilitate accessibility, SGBs will be available through scheduled commercial banks (excluding small finance banks, payment banks, and regional rural banks), Stock Holding Corporation of India (SHCIL), Clearing Corporation of India (CCIL), designated post offices, National Stock Exchange of India, and Bombay Stock Exchange.

Step 1: Log in to the net banking account.

Step 2: Select 'e-Service' from the main menu, then choose Sovereign Gold Bond.

Step 3: First-time investors must register, review the Reserve Bank of India's terms and conditions, and proceed. Enter the necessary details for the SGB scheme and the depository participant from NSDL or CDSL, which hosts the demat account.

Step 4: Submit the registration form.

Step 5: After registration, click on the 'Purchase' option in the header tab.

Step 6: Input the subscription quantity and nominee details.

Step 7: Enter the one-time password (OTP) sent to the mobile phone to complete the process.

It's worth noting that SGBs can also be acquired from the secondary market beyond the subscription window. Investors can explore primary issuances by stock exchanges or the RBI for continued investment opportunities in these gold-backed securities.