- Investors must be resident individuals or entities. Non-resident Indians (NRIs) are also eligible to invest in SGBs, subject to certain conditions specified by the Reserve Bank of India (RBI).
- There’s no minimum age requirement for individuals to invest in SGBs. Minor individuals can invest in SGBs through their legal guardians.
- Investors are required to provide Know Your Customer (KYC) documents, which typically include proof of identity, proof of address, and other relevant documents as specified by the issuing authorities.
- Investors can purchase SGBs through various channels including commercial banks, designated post offices, stock exchanges, and recognized stockbrokers.
- SGBs can be held jointly by up to three individuals, provided they meet the eligibility criteria individually.
- Investors must comply with all applicable regulations and guidelines issued by the government and regulatory authorities regarding the purchase and holding of SGBs.
Sovereign Gold Bonds: Benefits, Risks, Eligibility & How to Invest
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