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Sovereign Gold Bond Scheme (SGB)
The Sovereign Gold Bond Scheme (SGB) was introduced by the Government of India in November 2015 as a means to reduce the demand for physical gold and shift a part of the domestic savings into financial savings. This scheme allows investors to subscribe to gold bonds issued by the Reserve Bank of India (RBI) in denominations of grams of gold. These bonds have a fixed tenure of eight years, with an exit option after the fifth year, and offer interest on the invested amount in addition to the potential appreciation in the value of gold. Despite its advantages, consumer complaints regarding delays in bond issuance, discrepancies in interest payments, and issues related to premature redemption have been reported. These grievances are often attributed to administrative bottlenecks or communication gaps between investors and the issuing authorities. Those encountering concerns related to the Sovereign Gold Bond Scheme can use our platform to file complaints. With a commitment to providing exceptional customer service, our team of senior legal experts will ensure prompt and effective assistance.
Did you know
SGB is a unique way to invest in gold. Unlike physical gold, SGBs earn interest and are backed by the government, offering security. Plus, you can avoid storage hassles and benefit from potential capital appreciation on the gold price.
Loss amount between
₹1 - ₹1 lakh
1999
₹1499+gst
What you’ll get
Legal consultation
Drafting legal notice
Email & Chat support
Loss amount between
₹1 Lakh– ₹25 Lakhs
3499
₹2999+gst
What you’ll get
Legal consultation
Drafting legal notice
Email & Chat support
Loss amount between
₹25 Lakh – ₹1 Crore
4999
₹3999+gst
What you’ll get
Legal consultation
Drafting legal notice
Email & Chat support
Loss amount between
Above 1 Crore
9999
₹7999+gst
What you’ll get
Legal consultation
Drafting legal notice
Email & Chat support
Not sure about the packages
If you're still not sure which plan to choose, don't worry. Our lawyers are here there to help. Just reach out to our lawyers today.
Here’s What You Need to Do About Resolving Complaints Online
1. Step 1: Contact customer service, reach out to using phone, email or website
2. Step 2: Communicate the issue, providing details such as booking information, travel dates, and any relevant evidence
3. Step 3: Look into the solution provided by the customer service team
4. Step 4: If you're not satisfied with the initial response we can help you escalate it to the next level.
How to Lodge a Consumer Complaint Against Sovereign Gold Bond Scheme (SGB) with Vakilsearch
With the assistance of Vakilsearch, you have the opportunity to request a refund, replacement, or compensation from Sovereign Gold Bond Scheme (SGB) . If you find yourself discontented with Sovereign Gold Bond Scheme (SGB) , take the step to submit a complaint.
Follow these steps to proceed:
1. Navigate to the ‘File a Consumer Complaint’ page
2. Select the company name as the subject of your complaint, and provide an in-depth account of the issues you've encountered
3. Fill in your personal details and outline the particulars of your grievances
4. Initiate a plea for a refund, replacement, or compensation in relation to the brand
How We Will help you File a Legal Consumer Complaint Against Sovereign Gold Bond Scheme (SGB)
1. Step 1: Contact Vakilsearch: Talk to our lawyers to know your legal rights and verify your complaint's legitimacy.
2. Step 2: Explain Your Situation: Describe your issues with this firm, ensuring you provide the necessary evidence and specifics.
3. Step 3: Draft and Send a Legal Notice: We'll draft and dispatch a legal notice on your behalf, and then await the brand's reply.
4. Step 4: Initiate Litigation: If the reply isn't satisfactory, we'll take the matter to consumer court, offering complete support.
Before Initiating a Complaint, Ensure You Complete the Following Procedures
1. First, try resolving the issue through the brand's customer service.
2. Keep a record of all communications, like emails and chats, with their support.
3. Collect and keep essential proofs, including bills, payment confirmations, and relevant photos.
Why Vakilsearch?
Vakilsearch has a track record of helping countless consumers find resolutions. By talking to our wide-ranging legal, social, and business connections, you can voice your concerns and get the solutions you seek.
Legal Network
We can send a legal notice or start a case in the consumer forum on your behalf. Our network is filled with skilled and verified lawyers ready to help.
Social Network
We can help amplify your issues by starting a social media campaign against Sovereign Gold Bond Scheme (SGB), ensuring they take notice.
Business Network
With Vakilsearch, you can quickly get in touch with the right people at Sovereign Gold Bond Scheme (SGB). We have a vast database of companies keen on resolving customer issues.
Not sure about the packages
If you're still not sure which plan to choose, don't worry. Our lawyers are here there to help. Just reach out to our lawyers today.
Understanding Consumer Rights
Industry-Specific Consumer Complaints
Consumer Complaint Procedures & Legal Aspects