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Yes, buying sovereign gold bonds online is the best and easy option. As per RBI guidelines, banks/SHCIL offices/designated Post Offices/agents are the issuing agencies for sovereign gold bonds.
Most of the banks allow you to buy/invest in sovereign gold bonds online with their net banking platform. However, the banks who are providing 3-in-1 accounts (savings account, Trading account, and Demat account) offer direct links to buy SGB from their trading application.
As you have a Demat account linked with your 3 in 1 account, you will get the Demat holding of your SGB once issued.
In case you don’t have a 3-in-1 account with a bank, you can still purchase/invest in sovereign gold bonds by submitting your application online via net banking. If you don’t have net banking access, you can visit a nearby bank or post office and fill the application offline.
When you submit an application offline, you will not get an online discount ofRs 50 per gram.
For an offline application, you can apply up to Rs 20,000 by cash. For above Rs 20,000, you need to transact via cheques/demand draft/electronic fund transfer.
If you have a trading and Demat account with any broker then you can buy/invest in sovereign gold bonds online. You will get Rs 50 per gram discount as you are buying SGB online as well as you will get an issued bond in your demat account. In case you want to liquidate your holding any time, you can sell the same in the stock market.
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Zerodha Trade@20
