Sovereign Gold Bond: SGB premature redemption dates for April 2024 – September 2024 announced, check details
SGB premature redemption
Although the bond has an 8-year tenor, early redemption is permitted after the fifth year from the date of issue on coupon payment days. If kept in demat form, the bond will be tradable on the exchange.
According to the RBI website, “In case of premature redemption, investors can approach the concerned bank/SHCIL offices/Post Office/agent thirty days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.”
It means that if the SGBs Coupon payment date is May 17, 2024, investors can seek premature redemption through the Receiving Offices/NSDL/CDSL/RBI Retail Direct starting April 16, 2024.
The following information relates to the tranches that will be subject to premature redemption between April 1, 2024, and September 30, 2024, as well as the window during which investors may submit a request for such a redemption:
SGB premature redemption dates
