How can I apply for or buy Sovereign Gold Bonds (SGBs) on FYERS?

How can I apply for or buy Sovereign Gold Bonds (SGBs) on FYERS?

You can invest in Sovereign Gold Bonds (SGBs) on FYERS in two ways — by subscribing during RBI’s primary issue window through the FYERS SGB Portal, or by buying listed SGBs in the secondary market on NSE/BSE via FYERS platforms. Each route has a different process.

Method 1: Apply in the Primary Market (Fresh Issues)

Applications for new SGB tranches are available as per RBI’s calendar. FYERS provides a dedicated portal for applying: https://sgb.fyers.in/

  1. Access the SGB portal:
    Log in using your FYERS credentials.
  2. View ongoing issues:
    Browse the active series to check details like price, tenor, and subscription dates.
  3. Initiate application:
    Click Apply Now for the chosen issue.
  4. Submit investment details:
    Enter the number of grams you want to apply for and tick the confirmation checkbox.
  5. Ensure fund availability:
    Check that your FYERS trading account has sufficient balance. Add funds if required.
  6. Confirm application:
    Click Submit and approve the UPI mandate from your registered bank app.

Once RBI completes allotment, bonds are credited to your Demat account linked with FYERS.

Method 2: Buy in the Secondary Market (NSE/BSE)

If the subscription window is closed, you can buy listed SGBs on NSE/BSE via FYERS platforms:

  1. Login to your preferred platform.
  2. Search for the SGB series (e.g., SGBJUL29-GB).
  3. Review live quotes, bid/ask, and available volumes.
  4. Place a Delivery CNC buy order.
  5. Once executed, the bonds are credited to your Demat account.

Note: Secondary market liquidity may be limited, which could affect price or execution speed.

Charges

  • Primary Market: No brokerage or commission.
  • Secondary Market: Standard FYERS brokerage applies:
    • ₹20 or 0.3% per executed order for Delivery (whichever is lower)
  • DP charges apply at the time of selling.

What if...

ScenarioResolution
You don’t see an issue listed on the portalThe subscription window may be closed. Wait for the next RBI tranche.
Your funds are insufficientUse the Add Funds option in your FYERS account before retrying.
You miss approving the UPI mandateYour application will be invalid. Cancel and reapply within the issue window.
You want to sell before maturityYou can sell anytime in the secondary market. See this article for redemption steps.
You are unsure if you’re eligibleCheck this article to know who can invest in SGBs.
If you plan to hold till maturity, applying via the primary market is the most cost-effective option since it is completely free of charges.

Last updated: 26 Sep 2025