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.
To invest in SGBs from our web platform, follow these steps:
- Login to the Upstox web platform - Link
- Click on ‘SGB’ from the top bar
- Go through the details of the SGB and click on ‘Apply’
- Select the number of units you wish to purchase and review your order
- Select a payment mode and complete the payment process
- Done! Your order has been placed
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.