SGB Analyzer

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How to Buy SGB through SBI YONO

Invest in Sovereign Gold Bonds using your SBI account

State Bank of India (YONO)

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Best For

Existing SBI customersThose without demat account

SBI customers can easily invest in Sovereign Gold Bonds through the YONO app during RBI's primary issues. The best part? You don't even need a demat account - SGBs can be held in your RBI bond ledger account.

This guide explains how to subscribe to new SGB issues through SBI YONO.

SBI SGB Charges

Account OpeningN/A (existing SBI account)

Annual Maintenance (AMC)N/A (no demat needed for primary)

SGB BrokerageZero ✓

DP ChargesN/A for primary subscription

Pros

No demat account needed for primary subscription
Use existing SBI savings account
Trusted government bank
Wide branch network for support
Simple YONO interface

Cons

Only for new SGB issues (primary)
Cannot buy from secondary market
Need separate demat for trading
YONO can be slow

How to Buy SGB on SBI - Step by Step

Download YONO App

If you don't have it, download SBI YONO from Play Store or App Store. Register with your SBI account.

Login to YONO

Open YONO app and login with your credentials (username/MPIN or biometric).

Go to SGB Section

Navigate to Investments > Sovereign Gold Bond. During subscription period, you'll see active SGB issue.

Enter Details

Select quantity (grams), nominee details, choose holding mode (demat or bond ledger).

Make Payment

Pay from your linked SBI account. Online payment gets ₹50/gram discount on issue price.

Get Confirmation

Receive confirmation SMS and email. SGBs are allotted on specified date and reflect in your chosen holding mode.

Pro Tips for SBI

Apply during RBI subscription window only
Online payment gives ₹50/gram discount
Bond ledger option available if no demat
Keep bank account funded before subscription
Check RBI calendar for upcoming SGB issues

Calculate Your SGB Returns

Use our calculator to estimate your potential returns based on investment amount and holding period.

Frequently Asked Questions

Yes! During primary issues, you can hold SGBs in RBI's bond ledger account (paper form). No demat needed. However, for secondary market trading, demat is required.

Yes, all online applications (including SBI YONO) get ₹50 per gram discount on issue price. This is RBI's digital incentive, not SBI-specific.

Only during RBI's subscription periods (announced periodically). SBI YONO enables applications during these windows. Check RBI website for schedule.

If held in demat, yes - you can sell on exchange anytime. If held in bond ledger, you need to convert to demat first or wait for RBI's premature redemption window (after 5 years).

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