{"id":3724,"date":"2022-06-14T23:29:10","date_gmt":"2022-06-14T17:59:10","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=3724"},"modified":"2022-06-21T11:16:45","modified_gmt":"2022-06-21T05:46:45","slug":"sgb-certificate-zerodha-icici","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/sgb-certificate-zerodha-icici\/","title":{"rendered":"SGB Certificate – Why You May Not Receive One (Zerodha & ICICI)","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

A lot of people invest in RBI’s Sovereign Gold Bond Scheme<\/a> via banks like, ICICI Bank<\/a> and other platforms such as Zerodha<\/a>.<\/p>\n

What happens is there are two scenarios:<\/p>\n

    \n
  1. You get a confirmation receipt and an SGB investment certificate.<\/li>\n
  2. You get a confirmation receipt but you don’t get the investment certificate.<\/li>\n<\/ol>\n

    You don’t get an SGB certificate when you invest via a Demat account and opt to hold the SGB on the exchange.<\/strong><\/p>\n

    Why?<\/em><\/p>\n

    Because the ownership is interchangeable in this case.<\/strong><\/p>\n

    Just the way you can sell a stock<\/a> or ETF on BSE and NSE exchange, you can now trade SGB as well. This can only happen when you opt to hold your SGB investment under your Demat account as a holding on the stock market exchange.<\/p>\n

    When you purchase SGB through a bank, such as ICICI, you get an option to provide your Demat account’s DP id.<\/p>\n

    The DP id can be found by logging into your Console account. Then navigate to \u00a0Console>Profile>Demat information.<\/p>\n

    Your DP id is used to link your SGB to your Demat account so you can trade it whenever you want.<\/p>\n

    But note that the transactions of SGBs are not as active as stocks and ETFs<\/a>. You might not be able to sell them when you need them the most.<\/p>\n

    There always has to be an active buyer for any asset – the same goes for SGBs.<\/p>\n

    So, should you hold SGB on exchange as a holding?<\/p>\n

    The advantage is you can sell the SGB before the maturity date in the market. Also, you still earn an interest rate of 2.5% per annum.<\/p>\n

    The disadvantage is – nothing. Even if you aren’t able to sell it, you will still get the interest and when the bond matures, it will be automatically redeemed.<\/p>\n

    When you don’t opt to hold the SGBs under your Demat account, you will receive both the transaction confirmation receipt and the Sovereign Gold Bond issuance certificate.<\/strong><\/p>\n

    Hope this guide helped you.<\/p>\n

    If you’ve any questions, let me know in the comments.<\/p>\n\"\"","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

    A lot of people invest in RBI’s Sovereign Gold Bond Scheme via banks like, ICICI Bank and other platforms such as Zerodha. What happens is there are two scenarios: You get a confirmation receipt and an SGB investment certificate. You get a confirmation receipt but you don’t get the investment certificate. You don’t get an …<\/p>\n\"\"","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":3730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[156,101,26,246,20],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2021\/06\/sovereign-gold-bond-certificate-not-received-featured-.png","acf":[],"yoast_head":"\nSGB Certificate - Why You May Not Receive One (Zerodha & ICICI)<\/title>\n<meta name=\"description\" content=\"Didn't receive the SGB issuance certificate? Here's when and when you don't get them.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aayushbhaskar.com\/sgb-certificate-zerodha-icici\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SGB Certificate - Why You May Not Receive One (Zerodha & ICICI)\" \/>\n<meta property=\"og:description\" content=\"Didn't receive the SGB issuance certificate? Here's when and when you don't get them.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aayushbhaskar.com\/sgb-certificate-zerodha-icici\/\" \/>\n<meta property=\"og:site_name\" content=\"Aayush Bhaskar\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T17:59:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-21T05:46:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2021\/06\/sovereign-gold-bond-certificate-not-received-featured-.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AforBhaskar\" \/>\n<meta name=\"twitter:site\" content=\"@AforBhaskar\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<!-- \/ Yoast SEO Premium plugin. -->","gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/posts\/3724"}],"collection":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/comments?post=3724"}],"version-history":[{"count":0,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/posts\/3724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/media\/3730"}],"wp:attachment":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/media?parent=3724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/categories?post=3724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/tags?post=3724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}