New Delhi: The Reserve Bank of India notified the premature redemption of sovereign gold bond tranches during October 2024 and March 2025, according to an official notification. SGB subscribers have the option to redeem their holdings prematurely after the passage of 5 years from the date when the SGB was issued. According to RBI regulations, investors must approach their concerned bank, the Stockholding Corp of India, Post Offices or agents up to 30 days before the coupon payment date for premature redemption.
Which SGBs are eligible for premature redemption?
The following series are eligible for premature redemption:
2017-18 Series 1-14
2018-19 Series 1-14
2019-20 Series 1-10
The RBI has notified the dates for placing premature remeption requests for these SGB tranches. However, the central bank stated that these dates are subject to change.
Complete schedule of premature SGB withdrawal
Here’s the complete schedule of premature withdrawal of sovereign gold bonds:
Sl.
No.
Tranche
Issue Date
Date of Coupon payment
Dates for submitting the request for premature redemption by the investors to the Receiving Offices/NSDL/CDSL/RBI Retail Direct
From
To
1
2017-18 Series I
May 12, 2017
November 12, 2024
October 11, 2024
November 2, 2024
2
2017-18 Series II
July 28, 2017
January 28, 2025
December 27, 2024
January 18, 2025
3
2017-18 Series III
October 16, 2017
October 16, 2024
September 16, 2024
October 7, 2024
4
2017-18 Series IV
October 23, 2017
October 23, 2024
September 23, 2024
October 14, 2024
5
2017-18 Series V
October 30, 2017
October 30, 2024
September 30, 2024
October 21, 2024
6
2017-18 Series VI
November 6, 2017
November 6, 2024
October 5, 2024
October 28, 2024
7
2017-18 Series VII
November 13, 2017
November 13, 2024
October 11, 2024
November 4, 2024
8
2017-18 Series VIII
November 20, 2017
November 20, 2024
October 19, 2024
November 11, 2024
9
2017-18 Series IX
November 27, 2017
November 27, 2024
October 25, 2024
November 18, 2024
10
2017-18 Series X
December 4, 2017
December 4, 2024
November 4, 2024
November 25, 2024
11
2017-18 Series XI
December 11, 2017
December 11, 2024
November 11, 2024
December 2, 2024
12
2017-18 Series XII
December 18, 2017
December 18, 2024
November 18, 2024
December 9, 2024
13
2017-18 Series XIII
December 26, 2017
December 26, 2024
November 26, 2024
December 16, 2024
14
2017-18 Series XIV
January 1, 2018
January 1, 2025
November 30, 2024
December 23, 2024
15
2018-19 Series I
May 4, 2018
November 4, 2024
October 4, 2024
October 25, 2024
16
2018-19 Series II
October 23, 2018
October 23, 2024
September 23, 2024
October 14, 2024
17
2018-19 Series III
November 13, 2018
November 13, 2024
October 11, 2024
November 4, 2024
18
2018-19 Series IV
January 1, 2019
January 1, 2025
November 30, 2024
December 23, 2024
19
2018-19 Series V
January 22, 2019
January 22, 2025
December 21, 2024
January 13, 2025
20
2018-19 Series VI
February 12, 2019
February 12, 2025
January 10, 2025
February 3, 2025
21
2019-20 Series I
June 11, 2019
December 11, 2024
November 11, 2024
December 2, 2024
22
2019-20 Series II
July 16, 2019
January 16, 2025
December 17, 2024
January 6, 2025
23
2019-20 Series III
August 14, 2019
February 14, 2025
January 15, 2025
February 4, 2025
24
2019-20 Series IV
September 17, 2019
March 17, 2025
February 15, 2025
March 7, 2025
25
2019-20 Series V
October 15, 2019
October 15, 2024
September 14, 2024
October 5, 2024
26
2019-20 Series VI
October 30, 2019
October 30, 2024
September 30, 2024
October 21, 2024
27
2019-20 Series VII
December 10, 2019
December 10, 2024
November 8, 2024
November 30, 2024
28
2019-20 Series VIII
January 21, 2020
January 21, 2025
December 21, 2024
January 13, 2025
29
2019-20 Series IX
February 11, 2020
February 11, 2025
January 10, 2025
February 1, 2025
30
2019-20 Series X
March 11, 2020
March 11, 2025
February 7, 2025
March 1, 2025
Will Centre discontinue SGBs?
The Centre may not be too keen on issuing a fresh tranche of SGBs citing its priciness and complexity, CNBCTV18 and Business Today reported. The flagship digital gold investment scheme was introduced in 2015 by the Narendra Modi government.
Sovereign Gold Bond Scheme: The RBI on Saturday notified the premature redemption dates for multiple tranches of sovereign gold bonds. Check details here. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
