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?
If you're seeing the message that fresh buying is blocked for Sovereign Gold Bonds (SGBs) in your FYERS account, it's due to regulatory changes from the Reserve Bank of India (RBI) impacting non-individual account holders.
Why this error occurs?
As per RBI guidelines, depositories like Central Depository Services Limited (CDSL) have been instructed to disallow the credit of SGBs into:
- Corporate accounts
- LLP (Limited Liability Partnership) accounts
- Other non-individual Demat accounts
This restriction is aimed at ensuring SGB investments are reserved for eligible individuals and specified entities.
What this means?
- You cannot make new SGB purchases in your FYERS account if it is classified as a non-individual account.
- You can still sell any SGBs already held in your account.
What if...
| Scenario | Resolution |
|---|
| You hold SGBs in a corporate account | You may continue to sell them; new purchases are restricted. |
| You want to invest in SGBs as a non-individual | Consider using an individual Demat account, if eligible. |
If you’re unsure about the classification of your FYERS Demat account, you can verify it under account settings or reach out to us for clarification.
Last updated: 26 Jun 2025
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