New Facility: Now ‘Gold Bonds’ can also be purchased from RBI’s new portal

Gold Bonds

Mumbai: Sovereign gold bonds can now be purchased through the recently launched portal of the Reserve Bank of India (RBI). The RBI said in a statement on Thursday that the offer for sale of Sovereign Gold Bond Scheme 2021-22- Series-8 is still in progress and can be accessed through its new portal ‘RBI retail’ can be purchased by visiting

Till now gold bonds were sold only through various commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognized stock exchanges. But the RBI portal has also become a new option for buyers.

Gold Bonds

Prime Minister Narendra Modi had inaugurated this new portal last month. One can directly purchase Treasury Bills, Securities, Sovereign Gold Bonds, and State Development Loans by visiting this portal.

Under the new scheme of the central bank, retail investors will have the facility to open RDG account online. These accounts can be linked to the savings accounts of the investors. The Retail Direct Gilt (RDG) account can be used to be a part of the issuance process of Government securities and to participate in secondary market activities.