Step-by-step guide to buying Sovereign Gold Bonds on Zerodha Kite
Zerodha is India's largest stockbroker with over 1 crore active users. Buying Sovereign Gold Bonds on Zerodha is straightforward - you pay zero brokerage, just nominal DP charges.
This guide walks you through the complete process of buying SGB on Zerodha Kite, whether through primary issues or the secondary market.
If you don't have a Zerodha account, open one at zerodha.com. You'll need PAN, Aadhaar, and bank details. Account opens in 1-2 days.
Go to kite.zerodha.com or open the Kite mobile app. Login with your credentials and complete 2FA if enabled.
In the search bar, type 'SGB' or the specific symbol like 'SGBMAR29'. You'll see all available SGB series listed.
Click on the SGB to see current price, bid/ask spread, and order book. Compare with fair value on SGB Analyzer to ensure good entry.
Click 'Buy' (B), enter quantity (in units), choose order type (Limit recommended), enter your price, and submit.
Review order details and confirm. Track status in 'Orders' section. Once executed, SGBs appear in your holdings next day.