Sovereign Gold Bond (SGB) premature redemption: The Reserve Bank of India (RBI) released SGBs for the last time in February 2023, totalling Rs 8,008 crore.
SGB premature redemption: Gold has traditionally been among the most preferred investment options for many Indians. But the challenge of buying physical gold is that you need to protect and that can be a challenge for many. To provide a solution to this problem, the government launched Sovereign Gold Bond (SGB)
What is SGB?
Sovereign Gold Bonds or SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold and a secure way of investment as the Reserve Bank of India (RBI) used to issue it on behalf of the Government of India.
SGBs not only eliminate the risks and costs of storage but also keep investors free from issues like making charges and purity – something very common in case of gold jewellery.
SGB discontinued
The government has decided to discontinue the Sovereign Gold Bond (SGB) and Finance Minister Nirmala Sitharaman confirmed this in a post-budget briefing.
The Reserve Bank of India (RBI) released SGBs for the last time in February 2023, totalling Rs 8,008 crore.
The Sovereign Gold Bond Scheme was first launched on October 30, 2015. Since its launch, the overall issuance under the SGB scheme has reached Rs 45,243 crore as of FY23, with a remaining amount of Rs 4.5 lakh crore by March 2023.
SGB premature
The government allows premature redemption of SGBs and those who have completed five years from the issue date of bonds can redeem their SGBs before maturity.
SGB premature redemption calendar
Meanwhile, the central bank has released a revised Sovereign Gold Bond (SGB) Scheme Calendar for premature redemption from April 2025 – September 2025.
The RBI has shared details of tranches falling due for premature redemption during the period April 01, 2025 – September 30, 2025, along with the window available for submission of requests for premature redemption by the investors as under:
S
No
Tranche
Issue Date
Date of premature redemption
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 III
October 16, 2017
April 16, 2025
March 17, 2025
April 7, 2025
2
2017-18 Series IV
October 23, 2017
April 23, 2025
March 24, 2025
April 15, 2025
3
2017-18 Series V
October 30, 2017
April 30, 2025
March 31, 2025
April 21, 2025
4
2017-18 Series VI
November 6, 2017
May 6, 2025
April 5, 2025
April 28, 2025
5
2017-18 Series VII
November 13, 2017
May 13, 2025
April 11, 2025
May 3, 2025
6
2017-18 Series VIII
November 20, 2017
May 20, 2025
April 19, 2025
May 13, 2025
7
2017-18 Series IX
November 27, 2017
May 27, 2025
April 25, 2025
May 17, 2025
8
2017-18 Series X
December 4, 2017
June 4, 2025
May 5, 2025
May 26, 2025
9
2017-18 Series XI
December 11, 2017
June 11, 2025
May 9, 2025
June 2, 2025
10
2017-18 Series XII
December 18, 2017
June 18, 2025
May 19, 2025
June 9, 2025
11
2017-18 Series XIII
December 26, 2017
June 26, 2025
May 27, 2025
June 16, 2025
12
2017-18 Series XIV
January 1, 2018
July 1, 2025
May 31, 2025
June 21, 2025
13
2018-19 Series I
May 4, 2018
May 3, 2025
April 3, 2025
April 23, 2025
14
2018-19 Series II
October 23, 2018
April 23, 2025
March 24, 2025
April 15, 2025
15
2018-19 Series III
November 13, 2018
May 13, 2025
April 11, 2025
May 3, 2025
16
2018-19 Series IV
January 1, 2019
July 1, 2025
May 31, 2025
June 21, 2025
17
2018-19 Series V
January 22, 2019
July 22, 2025
June 21, 2025
July 14, 2025
18
2018-19 Series VI
February 12, 2019
August 12, 2025
July 11, 2025
August 2, 2025
19
2019-20 Series I
June 11, 2019
June 11, 2025
May 9, 2025
June 2, 2025
20
2019-20 Series II
July 16, 2019
July 16, 2025
June 16, 2025
July 7, 2025
21
2019-20 Series III
August 14, 2019
August 14, 2025
July 15, 2025
August 4, 2025
22
2019-20 Series IV
September 17, 2019
September 17, 2025
August 18, 2025
September 8, 2025
23
2019-20 Series V
October 15, 2019
April 15, 2025
March 15, 2025
April 5, 2025
24
2019-20 Series VI
October 30, 2019
April 30, 2025
March 31, 2025
April 21, 2025
25
2019-20 Series VII
December 10, 2019
June 10, 2025
May 9, 2025
May 31, 2025
26
2019-20 Series VIII
January 21, 2020
July 21, 2025
June 21, 2025
July 11, 2025
27
2019-20 Series IX
February 11, 2020
August 11, 2025
July 11, 2025
August 1, 2025
28
2019-20 Series X
March 11, 2020
September 11, 2025
August 12, 2025
September 1, 2025
29
2020-21 Series I
April 28, 2020
April 28, 2025
March 29, 2025
April 19, 2025
30
2020-21, Series II
May 19, 2020
May 19, 2025
April 19, 2025
May 9, 2025
31
2020-21, Series III
June 16, 2020
June 16, 2025
May 17, 2025
June 6, 2025
32
2020-21, Series IV
July 14, 2020
July 14, 2025
June 13, 2025
July 4, 2025
33
2020-21, Series V
August 11, 2020
August 11, 2025
July 11, 2025
August 1, 2025
34
2020-21, Series VI
September 8, 2020
September 8, 2025
August 8, 2025
August 29, 2025
