1. Terms and conditions for Sovereign Gold Bonds
Sovereign Gold Bonds (“SGBs”) are government securities denominated in grams of gold. SGBs are denominated in units of one gram of gold and multiples thereof. Minimum investment in the SGBs is one gram and maximum is 4 kg for individuals per financial year.
This product is provided to you in association with Bombay Stock Exchange (BSE) and BFDL shall be entitled to receive commission from them in accordance with RBI Regulation, being an agent of BSE.
Investment in SGBs is only available to a tax resident of India. Permanent Account Number (PAN) of the customer is mandatory to invest in SGBs.
For all SGB application made through online mode, the mode of holding can be in Demat A/C form and the name of Demat A/c holder should be same as that of Bank A/c else the SGB application shall be liable for rejection.
Minor accounts are not eligible for application through online mode. Upon receipt of application, an acknowledgement shall be issued by BSE Star.
In case the applicant already has an Investor ID issued by RBI’s E-Kuber portal for above investment in any of the earlier tranches, the same should invariably be quoted by investor while making any subsequent applications. In case of failure to quote the same, the E-Kuber portal may reject the application, while uploading the same.
Upon receiving SGB order, a Unique Client Code (UCC) creation request shall be placed in BSE StAR MF by Bajaj Markets.
SGB orders shall be placed for execution only upon successful activation of UCC by BSE StAR MF and timely payment against the SGB orders.
Upon placement of SGB order, investors shall receive online payment link from bsestarmf@bseindia.in which is the official email id of BSE StAR MF.
Investor shall be responsible for making the online payment in timely manner via link received from BSE on registered email for ensuring issuance of SGB by RBI. All risks relating to payment by the Investor is sole liability of the Investor.
The cancellation of bonds is permitted till the closure of issue. However, no part cancellation of the application is permitted. The cut-off time shall be 12pm on the last day of subscription. No request for cancellation of the bond after closure of the issue shall be entertained under any circumstances.
On the date of allotment, the “Certificate of Holding” are generated for all the subscriptions by RBI and sent to the registered Email ID.
The bonds shall be issued in Demat A/c of the Investor as provided by the Investor at the time of making an online application form, there the Investor is required to ensure that the details provided are accurate and complete.
The interest on the bonds, as applicable, shall be paid on a half yearly basis. the interest amount will be disbursed through depositories, who will arrange to credit the amount to the bank accounts of the holders (as available in their records) through electronic means on the due date.
In case, it is not possible to accord credit to the account of the beneficiary due to closure of bank account or otherwise, destination banks shall return the transaction to RBI. Hence the investors are advised to submit change of bank request by E-mail to Bajaj Markets along with a soft copy of cancelled cheque.
The SGB order may not be processed in case UCC Activation in BSE is unsuccessful for any reason or if there is delay in UCC Activation from BSE side due to incomplete application from the Investor or the application is received after the cut-off window (DD/MM/YYYY 05:00 PM) or any reason attributable to the Investor.
In case of rejection of SGB application for payment done after cut-off date & time OR for subscription limit exceed OR for any other discrepancy the amount shall be refunded by BSE StAR MF to the source of origin of such amount.
Refund shall be processed within T+5 working days where-in T is the last date of SGB Tranche. The refund shall be processed in the same account which is registered in BSE StAR MF or as provided by Investor in the application form.
No interest shall be payable to the investor in case of rejection and refund of SGB application amount is for any reason attributable to the investor.
20. The investor may raise request for change in nomination details from his registered email id to Bajaj Markets. This service request shall be processed in T+2 working days by Bajaj Markets via uploading UCC modification request on BSE StAR MF platform.
In case of any queries or concerns regarding SGB payment and unit allocation, the investors may write to mutual.funds@bseindia.com
For any complaints write to the Nodal officer of BSE bse.secretarial@bseindia.com
If the issue is unresolved within the committed timelines, write to ibbs.ops@bseindia.com
If the reply is not received within a period of one month of lodging the complaint or the investor is not satisfied with the response write to sgb@rbi.org
2. Declarations
I hereby declare that I understand and accept the following:
My aggregate investment in Sovereign Gold Bonds does not exceed 4 kg of gold during the financial year.
The Information furnished in this application is true and complete
I agree to share my information with BSE and create UCC
3. Disclaimer
Investments are subject to market risks, read all product related documents carefully before investing. SEBI Reg.No-INA000016083. Visit www.bajajfinservmarkets.in for complete details/disclaimers. Bajaj Markets is not liable or responsible for performance of the product.
Bajaj Markets will not be held liable if the investor’s application is rejected on account of breach of the permissible limit towards units subscribed for the financial year.
