Error: Fresh Buying Blocked for SGBs in Non-Individual Accounts

Why does the error 'Fresh buying is blocked for SGBs in your account, since depositories (CDSL) have stopped allowing credit of SGBs into non-individual demat accounts' appear on FYERS?

This error is triggered due to Reserve Bank of India (RBI) regulations, which restrict non-individual accounts, including corporate and Limited Liability Partnership (LLP) accounts, from purchasing Sovereign Gold Bonds (SGBs). In compliance, Central Depository Services Limited (CDSL) has stopped allowing SGB credits to these types of accounts. However, this restriction only affects new SGB purchases; existing SGBs held in non-individual accounts can still be sold without limitations.

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