
The RBI's premature redemption calendar covers 32 SGB tranches from the 2019-22 series, with the first eligible exit on Oct 15, 2026. Investors must submit requests within the specified window.
Investors holding older Sovereign Gold Bonds have a defined window to exit early. The Reserve Bank of India released a premature redemption calendar on Aug. 21 covering 32 SGB tranches from the June 2019 through March 2022 series.
SGBs carry an eight-year tenure. The scheme allows redemption after five years from the issue date. The calendar lists the dates when each tranche becomes eligible, running from Oct. 15, 2026 (2019-20 Series V) through March 17, 2027 (2019-20 Series IV).
The 32 eligible tranches break into three groups by financial year. Ten from the 2019-20 series, 12 from 2020-21 and 10 from 2021-22. Among the 2020-21 tranches, Series VII becomes eligible on Oct. 19, 2026, and Series XII on March 9, 2027. For the 2021-22 series, Series VII is redeemable from Nov. 2, 2026, and Series X from March 8, 2027.
Investors need to submit requests through one of four channels: receiving offices, NSDL, CDSL or RBI Retail Direct, the central bank said. The exact procedure depends on where the bond is held – demat account, bank or another authorised intermediary. Missing the request window means waiting for the next available opportunity.
The RBI warned that the dates in the calendar may shift if unscheduled holidays occur. Bondholders should check for any subsequent notice before submitting a redemption request.
Gold bonds offer a fixed annual interest of 2.5% plus capital gains linked to gold's market price. The premature exit lets investors lock in gains or cut losses without waiting the full eight years. For those holding physical gold or gold ETFs, the SGB route removes storage and purity concerns. Read more on gold's profile and market dynamics.
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