Why I am unable to buy SGB in Zerodha

Zerodha
115

No, it won’t.

116

I managed to write to the RBI and got a response from them.

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1 Like
117

@Siva I applied for SGB in this latest tranche and received the certifictae. however I am not able to see it in my account. Could you please let me where I can see the latest tranche of my gold.

Thanks!!!

118

Until SGB’s are listed in market, you won’t see them in Kite holdings, you can see them in Holdings on Console.

119

Thanks for the response I will check.

120

When would this get listed in Market?

122

From date issuance, it usually takes 10-15 days for SGB’s to list on exchanges. June SGB issue was allocated on 16th June and listed on market on 24th June, so going by that July SGB listing should be around the corner.

1 Like
123

Okay, Thanks for the quick reply.

How can I add last month issue to Kite? June 2020 month SGB

124

Just search for SGBJUN28.

1 Like
125

Is it better to apply for SGBs through Zerodha or through a Nationalized bank? Please share your experiences.

I’m asking because I read some messages in this thread about a few people applying through Zerodha and getting short delivery.

126

If I buy SGB’s in secondary market I am clear with that I will receive 2.5% interest to my primary bank account.

My question is:

  1. How long should I keep this in my holdings to receive interest. For eg: I am holding for 3 months and sold to someone else then he holds that for 3 months, in this case who will receive interest ?
127

Who ever is holding at time of paying interest will receive full interest, prices which are quoted in secondary market includes 3 month interest earned, so they are called dirty prices. Anyhow check this to know basics about bonds.

128

Hi guys,

I hold SGBs in certificate form but need to sell them in the secondary market. What is the process? Is there some link where I can read the process for the same? Please help

129

@Bhuvan can you.

130

Hello VenuMadhav and Zerodha team,

Is this NSDL/CDSL problem solved and did RBI allow you to transfer Inter DP? I see the qestion is from November 2016 and today is 30th September 2020 so there is 4 years passed. So I am asking.

Also if this is still not solved, than is there any working way to buy SGB in Zerodha (like the HDFC Securities did)?

131

Hi, you can Buy SGB through Zerodha, the process is similar to purchasing stocks.

132

I think there is confusion. I am not asking for fresh SGB. I am asking for listed (old) SGB. Some users complain that they cannot buy due to NSDL/CDSL issue. So I am asking.

133

You can purchase SGB’s from the secondary market as well. The Inter Depositary Transfer is now allowed, Inter Depository Transfers of G-Sec, T-Bills, and Gold Bonds are now allowed.

134

Great, thanks @ShubhS9 for clerification. This is what I need to know.

Sorry I have another question too. I searched for SGB in Kite and fould lot’s of entries. So I am not sure what it means. But I know a little about it. So I am writing here what is it. Plesae correct me if I am wrong:

  1. Example, SGBJAN27 (BSE) : This means that SGB that is going to mature in January 2027. So I can get that this may be purchased in January 2019. Also it’s listed on BSE only. Is this ok?

  2. There is also another exntry SGBJAN27-GB (NSE) : I think this is same as SGBJAN27 (as described above) but the difference is that it’s from NSE. Is this ok?

Please explain this so we can understand all SGB properly.

135

Both SGBJAN27 and SGBJAN27-GB are the same, it is just naming difference between both exchanges but the security is the same.