ET OnlineThe Reserve Bank of India (RBI) has issued the details of the Sovereign Gold Bond (SGB) tranches that are scheduled for premature redemption from October 2025 to March 2026. Investors who wish to encash their holdings before the maturity date can submit their request within the specified window announced by the RBI.
SGBs offer the dual benefit of gold price appreciation and a fixed annual interest of 2.5%, paid semi-annually. While most investors hold them till maturity to enjoy long-term tax-free gains, some prefer to redeem early to meet liquidity needs. Each SGB scheme has a maturity period of eight years, but premature redemption is permitted only after the fifth year, on the dates announced by the RBI.
240% return on Sovereign Gold Bonds: RBI announces redemption price of these SGBs
The central bank said in a statement that the above-mentioned dates may undergo a change in case of unscheduled holidays. The RBI advised investors to take note of the period for the submission of requests for SGB redemption, in case they choose to redeem their holdings before the maturity date.
What are Sovereign Gold Bonds (SGBs)? Which institution issues them?
SGBs are the bonds issued by the RBI on behalf of the Government of India. These bonds are government securities denominated in grammes of gold. They are substitutes for physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
Who is eligible to invest in SGBs?
Persons resident in India as defined under Foreign Exchange Management Act, 1999, are eligible to invest in SGBs. Eligible investors include individuals, HUFs, trusts, universities and charitable institutions. Individual investors with a subsequent change in their residential status from resident to non-resident may continue to hold SGBs till early redemption/maturity.
What is the minimum and maximum limit for investment in SGBs?
The Bonds are issued in denominations of one gramme of gold and in multiples thereof. The minimum investment in the Bond shall be one gramme with a maximum subscription limit of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the Government and those purchased from the secondary market. The ceiling on investment will not include the holdings as collateral by banks and other financial Institutions.
What are the procedures involved during redemption?
The investor will be advised one month before maturity regarding the ensuing maturity of the SGB.
On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record.
In case there are changes in any details, such as the account number or the email id, the investor must intimate the bank/SHCIL/PO promptly.
SGBs offer the dual benefit of gold price appreciation and a fixed annual interest of 2.5%, paid semi-annually. While most investors hold them till maturity to enjoy long-term tax-free gains, some prefer to redeem early to meet liquidity needs. Each SGB scheme has a maturity period of eight years, but premature redemption is permitted only after the fifth year, on the dates announced by the RBI.
240% return on Sovereign Gold Bonds: RBI announces redemption price of these SGBs
How is redemption price calculated
The redemption value will be calculated based on the simple average closing price of the gold of 999 purity published by the India Bullion and Jewellers Association (IBJA) for the preceding three working days.
SGB premature redemption dates for October 2025 - March 2026
| Sl. 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 | 2018-19 Series I | 4-May-18 | 4-Nov-25 | 4-Oct-25 | 27-Oct-25 |
| 2 | 2018-19 Series II | 23-Oct-18 | 23-Oct-25 | 22-Sep-25 | 13-Oct-25 |
| 3 | 2018-19 Series III | 13-Nov-18 | 13-Nov-25 | 13-Oct-25 | 3-Nov-25 |
| 4 | 2018-19 Series IV | 1-Jan-19 | 1-Jan-26 | 1-Dec-25 | 22-Dec-25 |
| 5 | 2018-19 Series V | 22-Jan-19 | 22-Jan-26 | 22-Dec-25 | 12-Jan-26 |
| 6 | 2018-19 Series VI | 12-Feb-19 | 12-Feb-26 | 12-Jan-26 | 2-Feb-26 |
| 7 | 2019-20 Series I | 11-Jun-19 | 11-Dec-25 | 10-Nov-25 | 11-Dec-25 |
| 8 | 2019-20 Series II | 16-Jul-19 | 16-Jan-26 | 16-Dec-25 | 6-Jan-26 |
| 9 | 2019-20 Series III | 14-Aug-19 | 13-Feb-26 | 14-Jan-26 | 3-Feb-26 |
| 10 | 2019-20 Series IV | 17-Sep-19 | 17-Mar-26 | 13-Feb-26 | 7-Mar-26 |
| 11 | 2019-20 Series V | 15-Oct-19 | 15-Oct-25 | 13-Sep-25 | 6-Oct-25 |
| 12 | 2019-20 Series VI | 30-Oct-19 | 30-Oct-25 | 29-Sep-25 | 20-Oct-25 |
| 13 | 2019-20 Series VII | 10-Dec-19 | 10-Dec-25 | 7-Nov-25 | 1-Dec-25 |
| 14 | 2019-20 Series VIII | 21-Jan-20 | 21-Jan-26 | 20-Dec-25 | 12-Jan-26 |
| 15 | 2019-20 Series IX | 11-Feb-20 | 11-Feb-26 | 9-Jan-26 | 2-Feb-26 |
| 16 | 2019-20 Series X | 11-Mar-20 | 11-Mar-26 | 7-Feb-26 | 2-Mar-26 |
| 17 | 2020-21, Series I | 28-Apr-20 | 28-Oct-25 | 27-Sep-25 | 18-Oct-25 |
| 18 | 2020-21, Series II | 19-May-20 | 19-Nov-25 | 18-Oct-25 | 10-Nov-25 |
| 19 | 2020-21, Series III | 16-Jun-20 | 16-Dec-25 | 15-Nov-25 | 6-Dec-25 |
| 20 | 2020-21, Series IV | 14-Jul-20 | 14-Jan-26 | 12-Dec-25 | 5-Jan-26 |
| 21 | 2020-21, Series V | 11-Aug-20 | 11-Feb-26 | 9-Jan-26 | 2-Feb-26 |
| 22 | 2020-21, Series VI | 8-Sep-20 | 7-Mar-26 | 5-Feb-26 | 25-Feb-26 |
| 23 | 2020-21, Series VII | 20-Oct-20 | 20-Oct-25 | 19-Sep-25 | 10-Oct-25 |
| 24 | 2020-21, Series VIII | 18-Nov-20 | 18-Nov-25 | 18-Oct-25 | 10-Nov-25 |
| 25 | 2020-21, Series IX | 5-Jan-21 | 5-Jan-26 | 5-Dec-25 | 26-Dec-25 |
| 26 | 2020-21, Series X | 19-Jan-21 | 19-Jan-26 | 19-Dec-25 | 9-Jan-26 |
| 27 | 2020-21, Series XI | 9-Feb-21 | 9-Feb-26 | 9-Jan-26 | 30-Jan-26 |
| 28 | 2020-21, Series XII | 9-Mar-21 | 9-Mar-26 | 6-Feb-26 | 27-Feb-26 |
The central bank said in a statement that the above-mentioned dates may undergo a change in case of unscheduled holidays. The RBI advised investors to take note of the period for the submission of requests for SGB redemption, in case they choose to redeem their holdings before the maturity date.
What are Sovereign Gold Bonds (SGBs)? Which institution issues them?
SGBs are the bonds issued by the RBI on behalf of the Government of India. These bonds are government securities denominated in grammes of gold. They are substitutes for physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
Who is eligible to invest in SGBs?
Persons resident in India as defined under Foreign Exchange Management Act, 1999, are eligible to invest in SGBs. Eligible investors include individuals, HUFs, trusts, universities and charitable institutions. Individual investors with a subsequent change in their residential status from resident to non-resident may continue to hold SGBs till early redemption/maturity.
What is the minimum and maximum limit for investment in SGBs?
The Bonds are issued in denominations of one gramme of gold and in multiples thereof. The minimum investment in the Bond shall be one gramme with a maximum subscription limit of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the Government and those purchased from the secondary market. The ceiling on investment will not include the holdings as collateral by banks and other financial Institutions.
What are the procedures involved during redemption?
The investor will be advised one month before maturity regarding the ensuing maturity of the SGB.
On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record.
In case there are changes in any details, such as the account number or the email id, the investor must intimate the bank/SHCIL/PO promptly.
