Any individual, who had bought E-gold, can take physical delivery of his E-gold units at any time if he wants. Each 1 unit of E-gold is equivalent to 1 gm of gold. Taking physical delivery is not necessary in E-gold trading. If individual wants to keep the E-gold, then he can do so as long as he want. Also he can demand cash against E-gold.
Individual can take the delivery of E-gold as a multiple of 8 grams, 10 grams, 100 grams and 1 kg. Individual can take the delivery of E-gold from any of the delivering centre in India. Presently there are 13 delivery centers are available in Mumbai, Ahmedabad, Delhi, Kolkata, Chennai, Hyderabad, Jaipur, Bangalore, Kochi, Indore, Kanpur, Ludhiana and Patna.
Things you Need to Submit
1- Delivery Instruction Slip (DIS)
2- Surrender Request Form (SRF)
3- Authorisation Letter
4- Identity Proof of the Authorized Person (who will lift the delivery from the delivery center)
Procedure of taking E-gold Delivery
1- To take delivery from the delivery centre client should submit a delivery instruction slip to your Depository Participant (DP), surrender request form (SRF) along with the Identity Proof (Passport / Driving license / Election card / PAN Card / Exchange Id card) of the Authorized Person.
2- DP will attest the signature of holder on the transfer request form and give back to the account holder along with the acknowledgement of delivery instruction slips.
3- The unit holder shall fax the SRF and DIS acknowledgement to the Exchange at fax no: 022-67269524 / 022-67619931 or email the scanned copy at NSEL-DP@Nationalspotexchange.com
4- Only on receipt of the mentioned documents and credit in the Exchange beneficiary account (house account), the Exchange confirms the acknowledgement to the Client / Member. The applicant may also contact the Exchange at 022-6761 9900 Extn. – 9918 / 9816 to confirm the same.
5- NSEL intimates the confirmation of physical delivery readiness and the Conversion charges to the Member / Client through email which is provided in the SRF.
6- The client shall be required to hand over cheque of requisite amount (in favour of “National Spot Exchange Ltd” at Mumbai) at the delivery centre prior to the delivery of commodity. In case the amount payable on the above account is more than Rs. 50,000/-, the payment will be acceptable by DD (demand draft) only.
7- The Client / Member is required to submit the original SRF and payment (if any) and proof of identification at the delivery centre. After due verification of the identity of the person, the vault / NSEL official shall hand over delivery of commodity(s) to the client or his authorized representative along with delivery challan.
8- The sale invoice shall be issued in the name of the client as per the details mentioned in SRF specifying his VAT / GST number (if any), address and other details.
Things to Take Care
1- The gold you will receive is of 995 purity (Not 24 Karat).
2- You have an option to take delivery of E-gold as a multiple of 8 grams, 10 grams, 100 grams and 1 kg. But we recommand to take minimum delivery of 100 grams or 1 Kg as there is no making and packaging charges for these denominations.
3- If you won’t take delivery within 7 days of receipt of advice from NSEL, the holder shall be liable to pay the storage charges for the entire month.