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SGB Analyzer

Directory

Banks for SGB Investment

Banks offering Sovereign Gold Bond services

While RBI has discontinued new SGB issuance (since Feb 2024), banks still play a role in SGB investment through their broking subsidiaries and demat services.

**Bank Services for SGB:** - **Demat Accounts:** Hold SGBs in electronic form - **3-in-1 Accounts:** Integrated savings, trading, and demat - **Secondary Market Access:** Buy/sell through bank's broking arm

**Note:** Direct purchase from banks was only available during RBI's primary issues, which have been discontinued.

How to Choose

Check if bank has integrated 3-in-1 account
Compare demat AMC and charges
Look at online platform quality
Consider existing banking relationship
Review customer service quality

Banks (5)

Largest Network

State Bank of India

4

India's largest bank with SBI Securities for trading

  • SBI Securities broking
  • Wide branch network
  • YONO app
View Details

HDFC Bank

4.2

Leading private bank with HDFC Securities

  • HDFC Securities integration
  • Premium service
  • NetBanking
View Details

ICICI Bank

4.1

Major private bank with ICICI Direct

  • ICICI Direct integration
  • Seamless 3-in-1
  • Good app
View Details

Kotak Mahindra Bank

4

Private bank with integrated broking

  • Kotak Securities
  • 811 digital account
  • Good rates
View Details

Axis Bank

3.9

Private bank with broking services

  • Axis Direct
  • Digital-first approach
  • Good mobile app
View Details
**Disclaimer:** This directory is for informational purposes only. We do not endorse or recommend any specific broker, platform, or financial product. Fees, features, and services may change without notice. Please verify all information directly with the service provider before making any decisions. Always do your own due diligence before choosing a broker or investment platform.

Calculate Your SGB Returns

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

Frequently Asked Questions

Direct purchase from banks was only during RBI's primary issues, which stopped in Feb 2024. Now, you can buy from secondary market through bank's broking subsidiary (e.g., SBI Securities, HDFC Securities).
You need a demat account (not necessarily with a bank) to hold SGBs. Banks offer integrated 3-in-1 accounts, but you can also use standalone broker demat accounts.
If you value integration, choose a bank where you already have a savings account and opt for their 3-in-1 account. Otherwise, discount brokers like Zerodha often have lower costs.

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