Greetings, I hope you're doing well. I mean no offense, but I wanted to understand why the seller insists that the buyer should bear the conversion charges. Given that the seller holds Sovereign Gold Bonds (SGBs) worth ₹5,000 crore, the cost of ₹50–₹200 per certificate, a mximum of ₹500 along with stamp duty and GST, seems relatively minimal in comparison.

Furthermore, once converted, these bonds become verifiable online via banks through the e-Kuber portal. Additionally, there is a technical limitation—only bonds held in demat accounts can be assigned to a third party or a company. Physical bonds, on the other hand, can only be claimed by the designated or nominated beneficiary and cannot be assigned otherwise. Once verification is completed, the buyer will arrange the deal at the issuing bank of the seller or the branch where the initial demat account was created. The transaction process will be much smoother once the bonds are in demat form, reducing complexity and frustration.

Why limit the transaction to just ₹5 crore? We are willing to pay the seller 2% of the total deal volume upon signing the agreement and simultaneously provide proof of funds for the entire transaction.

Looking forward to your thoughts.

Regards abid aabid.akhtar@gmail.com