Learn how to buy Sovereign Gold Bonds on all major platforms. Compare fees, features, and find the best broker for your needs.
For most investors, discount brokers (Zerodha, Groww, Upstox) are the best choice with zero brokerage on SGBs. Full-service brokers and banks are better if you need research support or prefer personal assistance.
| Broker | SGB Brokerage | AMC | DP Charges |
|---|---|---|---|
| Zerodha | Zero ✓ | ₹300/year (₹88.50/quarter incl. GST) | ₹13.50 + GST (₹15.93) per scrip |
| Groww | Zero ✓ | ₹0 (may vary, check app) | ₹20 + GST per transaction |
| Dhan | Zero ✓ | ₹0 (Lifetime Free) | ₹12.50 + GST per ISIN |
| Upstox | Zero ✓ | ₹150 + GST/year (free first year for new accounts) | ₹13 + ₹5.50 CDSL = ₹18.50 per scrip |
| Angel One | Zero ✓ | ₹60 + GST/quarter (₹240/year, first year free) | ₹20 per scrip |
| mStock | Zero ✓ | ₹219/quarter or ₹1,299 one-time for lifetime free | ₹12 + GST per ISIN |
| Paytm Money | ₹20 or 0.05% (whichever lower) | ₹0 demat AMC + ₹300 platform charge/year | ₹20 per transaction (incl. CDSL charges) |
| 5paisa | ₹20 per order | ₹300/year (₹25/month) or ₹0 for BSDA up to ₹50K | ₹12.50 + GST per scrip |
| HDFC Securities | ₹20 or 2.5% (whichever lower) | ₹750/year | 0.04% (min ₹20-25) per transaction |
| ICICI Direct | 0.29% (default plan) | ₹700/year (first year free) | ₹20 + GST per scrip |
| Kotak Securities | ₹20 or 0.25% (whichever higher) - Trade Free Plan | ₹600/year | 0.04% + NSDL charges (min ₹20) |
| SBI | Zero ✓ | N/A (no demat needed for primary) | N/A for primary subscription |
| Motilal Oswal | 0.20% on delivery | ₹199/year (first year free) | 0.025% or ₹30 (min) per debit |
| Axis Direct | 0.25% to 0.50% depending on plan | ₹750/year (first year free) | 0.04% (min ₹25) per instruction |
| Sharekhan | 0.30% on delivery | ₹400/year (first year free with trading account) | ₹16 per transaction + GST |
| IIFL Securities | 0.5% or ₹20/order (Z20 plan) | ₹250/year (first year free) or ₹450 for Z20 plan | ₹25 + GST per scrip |