Key Points
Payments for SGBs held in the RDG Account must be made through electronic banking.Incomplete applications: The ROs have to make sure that applications are complete, as incomplete ones are liable to be rejected.Online.
Online applications must include the email ID of the investor/s and be uploaded on the Ekuber portal along with subscription details.Acknowledgement receipt: Upon receiving a complete application, the receiving officer will issue an acknowledgment receipt in Form B.Requirements fulfillment: Incomplete applications will be rejected if all requirements are not fulfilled within the specified subscription period.Cancellation of Bonds: Bond cancellation is allowed until the closure of the issue; however, partial cancellation is not permitted after closure.Confirmation:.
Immediate confirmation will be provided for the receipt of applications.Interest payment: Applicants are eligible for interest on the subscription amount at the savings bank rate from the application date to the date of allotment.Status of application: Rejected applications by RBIs E-Kuber system should be promptly notified by receiving officers, and the subscription amount refunded without delay.Certificates of Holding: Certificates of Holding are generated on the allotment date and sent to customers with provided email IDs..
ROs can also download certificates from RBIs E-Kuber portal for distribution.Late refund penalties: ROs will incur penalties at the rate of the Repo rate plus 2% per day for any delay in reimbursing the amount to applicants whose applications have been rejected.To buy Sovereign Gold Bonds (SGB) online via SBI Net Banking, follow these steps: Login to SBI Net Banking, go to 'e-Service,' select 'Sovereign Gold Bond Scheme,' and if you're a first-time investor, register by providing necessary details, accepting terms and conditions, and completing the registration process..
To buy Sovereign Gold Bond scheme through SBI, log in to SBI Net Banking, navigate to 'e-Service,' choose 'Sovereign Gold Bond Scheme,' select 'Purchase' from the header tab, agree to the 'Terms and Conditions,' proceed to enter subscription quantity and nominee details, click 'Submit,' enter OTP, and confirm to view all details of your SGB investments on a new page..
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