FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Can NRI invest in a sovereign gold bond scheme?

No, NRIs cannot invest in SGB. As per RBI guidelines, only Resident Individuals, HUFs, Trusts, Charitable Institutions and Universities are allowed to invest in sovereign gold bond schemes.

Individual investors who have done changes in status from residential to NRI may continue to hold SGB till early redemption/maturity. They are not entitled for new investment.

Answered on

I Like It. 1

  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

User Reviews

1. hasan Jun 19 2022 09:50:57 PM Reply
I was purchased SGB with using my indian overses bank NRI account in 2019.
what is status and can redeem possible

More Sovereign Gold Bond Questions...

Request call back from Zerodha
  1. How to buy a sovereign gold bond from SBI Bank?
  2. How to check SGB status in HDFC netbanking?
  3. How to buy SGB from HDFC bank for Minor account holder?
  4. How to invest in Sovereign gold bonds online with HDFC?
  5. How to buy a sovereign gold bond from HDFC Bank?
  6. How to buy sovereign gold bond with SBI?
  7. Where to buy Sovereign Gold Bonds?
  8. What is the tax liability in Sovereign gold bond investment?
  9. What is sovereign gold bond tenure?
  10. Sovereign Gold Bond Scheme Benefits
  11. What is Sovereign Gold Bond Disadvantages?
  12. How to invest in Sovereign gold bonds online with ICICI?
  13. How to invest in Sovereign Gold Bonds with Zerodha?
  14. Are Sovereign Gold Bonds listed on NSE?
  15. What are the benefits to invest in Sovereign Gold Bond with SBI?
  16. What Sovereign Gold Bond Calculator calculates?
  17. How is Sovereign gold bond versus Gold ETF?
  18. Is sovereign gold bond good or bad?
  19. How is Sovereign Gold Bond schemes compared to Fixed Deposits?
  20. When can I buy a sovereign gold bond online?
  21. When was the Sovereign gold bond scheme launched for the first time?
  22. Is sovereign gold bond backed by physical gold?
  23. Is sovereign gold bond tradable?
  24. Is interest on sovereign gold bond taxable?
  25. Is Demat Account required for the sovereign gold bond?
  26. How to get a sovereign gold bond certificate?
  27. How to check sovereign gold bond status?
  28. How to redeem sovereign gold bond?
  29. How to sell sovereign gold bond?
  30. How to buy sovereign gold bond online?
  31. How to buy sovereign gold bond?
  32. Can a minor invest in a sovereign gold bond?
  33. Can I convert the sovereign gold bonds to physical gold?
  34. Can I buy sovereign gold bond without demat account?
  35. Can NRI invest in a sovereign gold bond scheme?

List of all questions Ask your question