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Investment in gold over both short and long terms can provide you with sumptuous returns. Furthermore, they are not associated with money market fluctuations, which makes them a perfect option for investors looking for a low-risk investment scheme. Apart from this, you have the option of withdrawing money from this scheme during financial emergencies. Keep reading to know more about SBI gold schemes and decide if it is the right option for you.

Know More About SBI Gold Loan

The State Bank of India, offers a variety of schemes for gold purchase, gold investments and gold loans. These schemes facilitate the mobilisation of gold enhancing the country’s economy. SBI Gold Scheme is a win-win, as the gold becomes economically productive while earning significant interest. 

Customers on investing in the SBI gold scheme gets the opportunity of ensuring safety of their ornaments, earning interest, and availing tax benefits on returns. This gold can be bought from authorised branches of the bank. 


There are specifically designed SBI gold investment schemes you can invest into, like the Sovereign Gold Bonds and Gold Mutual Fund schemes that function as systematic plans. Also, there are many people who buy gold jewelery for rainy days when the prices are comparatively lower.  


Furthermore, you also have the flexibility of pledging your ornaments to raise a credit against it to meet the urgent requirement of funds. SBI Gold Loan allows you to mortgage these ornaments as collateral security and access funds you may need for urgent or unplanned expenses like healthcare costs, education costs, wedding planning, etc. Let’s look at the SBI Gold Scheme in detail. 

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Revamped Gold Deposit Scheme (R- GDS)

Just like a fixed deposit, we earn assured returns from SBI Gold Scheme as well on the invested money. Only, in case of SBI Gold Scheme instead of money, you’re making a fixed deposit of gold. In return you get the reassurance of safety of your idle gold, and earn interest earnings on the deposited gold, among other benefits. The SBI Gold Monetisation scheme is called the Revamped Gold Deposit Scheme (R- GDS).

SBI Revamped Gold Deposit Scheme Interest Rates

Type of Deposit

Interest Rate


Short Term Bank Deposit (STBD)


For 1 year

Short Term Bank Deposit (STBD)


1 to 2 years

Short Term Bank Deposit (STBD)


2 to 3 years

Medium Term Gold Deposit (MTGD)


5 to 7 years

Long Term Gold Deposit (LTGD)


12 to 15 years

Disclaimer: The data in the above table is subject to change. Please confirm the interest rates from the official website before proceeding.

Features of SBI Gold Loan Scheme

Let’s see what the SBI Gold Loan scheme details:

  • Tenure: The deposits can be made on a short-term, medium-term or long-term basis. 

    1. The tenure of the Short Term bank Deposit ranges from 3 months to 36 months. 

    2. For Medium Term Government Deposit, the tenure ranges from 5 to 7 years

    3. for Long Term variants, it ranges from 12 to 15 years. Under these two SBI gold schemes, the deposit is said to be accepted by the Bank on behalf of the Central Government. 

  • Minimum and Maximum Deposit: There’s no upper limit to the deposits you can make, but the minimum quantity of gold — whether gold bars, coins, jewellery — should amount to at least 10 grams of raw Gold. 

  • Nomination: You have the flexibility of nominating a person of your choice for the investments that you are making. They will be able to receive the returns in case of your untimely demise.

  • Hassle-free process: The documentation process under the SBI Gold Loan Scheme is extremely simple. Also, you can follow some simple steps online while applying for a gold credit.

  • No hidden charges: There are no hidden charges associated with this scheme. You will only have to pay a processing fee during the loan application process. 

Eligibility Criteria to Make a Deposit

Now that you know how simple the SBI Gold Loan scheme is, it’s time to check if you’re eligible to apply. 

  • To be eligible for the SBI Gold Bond Scheme, you should be between 18 to 75 years of age. 

  • The amount that you can avail this loan for varies from Rs 1000 to Rs 2 Crore, at 90% of the value of the gold.

  • An Indian resident falling in one of the following categories and have the appropriate documents as proof, you are eligible:

  • Individuals (you can apply alone or jointly)

  • HUFs, Sole Proprietorship & Partnership firm, Companies

  • Charitable institutions, Trusts (including Mutual Funds, etc.)

  • Central Government, State Government, or entities owned by them


Application for the SBI Gold Scheme can be made directly at the branch or even simpler, by filling an online application. The gold is checked for its purity and weight. Raw gold like gold jewellery and gold coins of 18 to 22 carat and up to 50 grams are accepted for the purpose. You can also apply through Bajaj Markets to get the best gold loan interest rate offers.  

1. Documents Required for SBI Gold Loan Scheme

You will find that the SBI Gold Investment Scheme has one of the smoothest documentation processes. You will need to furnish some proof before your application can be processed. These include proof of identity and another proof of address. You can use the following documents for this purpose:

  • Identity proof: PAN Card, Driving License, Passport, your Voter Identity Card, Aadhaar Card

  • Address proof: Voter identity Card, Aadhaar Card, rent agreement if you live on rented premises, utility bills like water, electricity or gas, or even your bank statement


Attach these documents along with the application form and any other papers you might be required to share. 

2. Repayment methods of SBI Gold Loan Scheme

Borrowers have the flexibility of repaying the credit in the following ways: 

  • Repayment of principal on the Short Term Bank Deposits can be taken in the form of gold or the equivalent monetary value of the gold as on the date of maturity. 

  • In the case of Medium and Long Term Gold Deposits, the repayment is in the form of gold or the equivalent rupee value of the gold at the prevailing price on the date of maturity. However in this case, administrative charges are levied. 

3. Premature payment of SBI Gold Loan Scheme

The Gold Bank Deposits come with a lock-in period.

  • For Short Term Bank Deposits, the lock-in period is 1 year. 

  • For Medium Term Gold Deposits And, withdrawal is allowed after 3 years.

  • For Long Term Gold Deposits, the lock-in period is 5 years.


On making a premature payment, you will have to pay a penalty on the interest rate. The exact rate at which penalty is charged is notified by RBI Notifications. 

4. Who can invest in SBI Gold Deposit Scheme?    

The people are eligible to invest in this scheme are:

  • Individuals either singly or jointly

  • Partnership firms

  • Proprietorship 

  • HUFs

5. Issue of Gold Deposit Certificate and Effective Date

Once the processing for your SBI Gold Loan Scheme is complete, you will be issued a Gold Deposit Certificate by the nodal branch.

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SBI Personal Gold Loan

SBI Gold Loan Scheme also offers personal loans. They can be availed by putting up gold ornaments as security. As mentioned before, it’s a hassle-free process with minimal paperwork involved. 

SBI Personal Gold Loan Interest Rate and Charges




Processing Fees

Specially minted Gold Coins sold by Banks and BIS Hallmarked Jewellery 

0.50% of the Loan Amount which is subjected to a maximum of Rs. 500 + applicable Service Tax and 0.50% of the Loan Amount subject to a minimum of Rs. 250


Non Hallmarked Jewellery

0.50% of the loan amount which is subjected to a minimum of Rs. 500 + service tax for loans above Rs. 25,000.

Rs. 250 + service tax for loans up to Rs. 25,000

Interest Rate

Liquid Gold Loan Scheme - OD

7.40% p.a.


Demand Loan

7.40% p.a.

Disclaimer: The data in the above table is subject to change. Please confirm the charges from the official website before proceeding.


1. Features of SBI Personal Gold Loan

  • Interest rate: The interest rate, irrespective of the loan amount, will be 0.50% above the 1 year MCLR. The current SBI Gold Loan interest rate starts at 7.30% and goes up to 7.50%.

  • Tenure: The loan can be availed for up to 36 months. 

  • Repayment options: You get multiple repayment options, including the gold loan Bullet Repayment method, where you can repay the entire amount, consisting of both the principal and interest, at the end of the loan’s term. 

  • Maximum and minimum amount: The maximum loan amount you can avail is Rs 50 lakhs and the minimum amount dispensed in a personal gold loan is Rs 20,000.

  • Security: You will pledge gold ornaments under this loan which will be verified and appraised for quality

  • Fees: Processing fees can amount to 0.50% of the loan amount. Add to that GST and the Gold Appraiser charges. 


2. Eligibility of SBI Personal Gold Loan

Any individual, 18 years and above, can apply for SBI Gold Loan Scheme. You just need to have a steady source of income.


3. Documents Required for SBI Personal Gold Loan

At the time of the loan application, you will need: 

  • An application form, 

  • Two photographs, 

  • Proof of identity, 

  • Proof of address


At the time of disbursement, you will need the the following:

  • DP note and DP Note Delivery Letter

  • Gold Ornaments Delivery Letter

  • Arrangement Letter

SBI Sovereign Gold Bond 2023

Launched in 2015, the Sovereign Gold Bond Scheme allows subscriptions to be made to sovereign gold in tranches by the RBI. The exact terms of the scheme are notified from time to time. As a part of the SBI Gold Monetisation Scheme, this scheme allows gold to mobilise within the economy. 

1. Features of SBI Sovereign Gold Bond 2023

  • Return: The amount you receive at the time of redemption is the average of the closing price of gold of 999 purity of the previous 3 working days.

  • Tenure: The loan can be availed for a period of 8 years. There are exit options available in the 5th, 6th, and 7th years. 

  • Minimum investment: You need to make a minimum investment of 1 gram of gold

  • Certificate: As an investor under this scheme, you will be issued a Holding Certificate for the bonds. These are issued under the Government Security Act, 2006. As such, they’re just like any Government of India stocks. 


2. Eligibility Criteria for SBI Sovereign Gold Bond 2023

Any resident Indian is eligible for the bonds. This includes individuals, HUFs, trusts, Universities, Charitable institutions. 


3. Documents Required for SBI Sovereign Gold Bond 2023

You will need to furnish some important documents while investing in a SBI Sovereign Gold Bond. These essentially include proof of identity and proof of address. You can use the following documents for this purpose:

  • Identity proof: PAN Card, Driving License, Passport, your Voter Identity Card, Aadhar Card

  • Address proof: Voter identity Card, Aadhar Card, Rent Agreement if you live on rented premises, Utility Bills like water, electricity or gas, or even your Bank Statement

  • PAN Number is mandatory to be furnished. 


4. Interest Rates of SBI Sovereign Gold Bond 2023

The returns that you are supposed to earn is based on a fixed interest rate of 2.5% per annum on the nominal value. 

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SBI Gold Fund

The Gold Fund SBI is an open-ended gold commodities scheme. It’s a way for you to get returns through investment in gold without actually owning physical gold or Demat account. The Gold Fund SBI seeks to provide returns that correspond to SBI Gold Exchange Traded Schemes (SBI GETS).

1. Interest on SBI Sovereign Gold Bond

The investors are eligible to get a fixed rate of interest of up to 2.50% per annum on the nominal value. They can receive this money semi-annually to get access to funds.

2. Features of SBI Gold Fund

  • Minimum Investment: The minimum initial purchase of Rs. 5000 is needed. Additionally,  you will need to make an extra investment of a minimum of Rs 1000. 

  • No Demat account needed: You will not need to open a Demat account to invest in Gold Fund SBI 

  • Redemption: You have the complete flexibility of withdrawing funds at any time from this scheme. This implies that the liquidity of investment in this scheme is high.

  • Expenses and charges: The only fees you have to pay are the recurring charges of the scheme.


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Frequently Asked Questions on SBI Gold Scheme

SBI Gold Loans are available at a 25% margin implying that you can avail of a loan of up to 75% of your gold’s value.

You can get up to Rs. 50 Lakhs under the SBI Gold Loan scheme. The amount will depend upon the value of the gold being pledged. The Gold Loan is offered with a margin of 25%, so that means you can borrow up to 75% of the gold value as a loan.

You will have to deposit a minimum of 1 g of gold under the Sovereign Gold Bond Scheme.

The minimum loan amount that you can get under SBI gold loan schemes is Rs. 20,000. Furthermore, the maximum credit amount available under this scheme is Rs. 50 Lakhs.

Yes, there is a lock-in period of 1 year, after which you can withdraw any amount as per your need.

A gold loan can be extremely helpful when you need funds urgently, and

  • Want to avoid extensive paperwork with just basic KYC documents

  • Own gold in some form that you can pledge

Do not have a credit history or CIBIL score that can secure you another loan

You can choose from either of the 3 types of deposits under the SBI Gold deposit scheme, namely, Short Term Bank Deposit, Medium Term Government Deposit, and Long Term Government Deposit.

Just like any other loan, timely repayment of your gold loan EMI will improve your CIBIL score, while defaulting on repayment will negatively impact your credit credentials.

The interest rate of the SBI gold loan starts from 8.65%.

Individuals above the age of 18 years with a stable source of income are eligible for SBI gold loan.

Yes, individuals are eligible for purchasing gold between 2 gm and 50 gm from authorised SBI branches.

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