How can physical SGB purchased from bank and other financial intermediaries be converted?

How can physical SGB purchased from bank and other financial intermediaries be converted?

  • Physical SGBs bought through a bank or other financial intermediary can be converted to a DEMAT form by submitting the dematerialisation request to the issuer banker or financial intermediary.
  • If the SGBs are purchased through a bank then, the nodal branch of the bank must be contacted.
  • The bank or intermediary will upload the data to the e-Kuber portal of RBI to process the request.To process the dematerialization request, a copy of the client master report (CMR) attested by the DP would be required.