According to a statement from the Central Bank, investors also get the option to redeem their SGB investments prematurely after the fifth year from the date of issue of such gold bonds on a date on which interest is payable.
Investors must submit their requests within official timelines through banks, post offices, NSDL, CDSL or RBI Retail Direct. Missing the request submission window may lead to the rejection of a premature redemption request.
SGB premature redemption dates in July 2026
The following Sovereign Gold Bond (SGB) tranches are eligible for premature redemption in July 2026:
| SGB Tranche | Issue Date | Premature Redemption Date | Redemption Request Window |
| 2018-19 Series IV | 1-Jan-19 | 1-Jul-26 | May 30, 2026 to June 22, 2026 |
| 2020-21 Series IX | 5-Jan-21 | 4-Jul-26 | June 4, 2026 to June 24, 2026 |
| 2020-21 Series IV | 14-Jul-20 | 14-Jul-26 | June 12, 2026 to July 4, 2026 |
| 2019-20 Series II | 16-Jul-19 | 16-Jul-26 | June 15, 2026 to July 6, 2026 |
| 2020-21 Series X | 19-Jan-21 | 18-Jul-26 | June 18, 2026 to July 8, 2026 |
| 2021-22 Series IV | 20-Jul-21 | 20-Jul-26 | June 19, 2026 to July 10, 2026 |
| 2019-20 Series VIII | 21-Jan-20 | 21-Jul-26 | June 20, 2026 to July 13, 2026 |
| 2018-19 Series V | 22-Jan-19 | 22-Jul-26 | June 20, 2026 to July 13, 2026 |
Source- RBI
The redemption request dates may change if there is an unscheduled holiday. Investors planning to redeem their SGBs before maturity should submit their requests within the applicable window through a receiving office, NSDL, CDSL or RBI Retail Direct.
What is a Sovereign Gold Bond (SGB)? Who is the issuer?
SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bond is issued by the RBI on behalf of the Government of India.
How is the SGB redemption price calculated?
The redemption value of an SGB series is 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, as per an RBI rule.
Can I encash the bond anytime I want? Is premature redemption allowed?
Though the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after the fifth year from the date of the issue on coupon payment dates. The bond will be tradable on exchanges, if held in demat form. It can also be transferred to any other eligible investor.
What do I have to do if I want to exit my SGB investment?
In case of premature redemption, investors can approach the concerned bank/SHCIL offices/post office/agent 30 days before the coupon payment date. The 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.
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