Sovereign Gold Bond Scheme: RBI Releases Details Of Tranches Falling Due For Premature Redemption; Check All Important Dates Here

New Delhi: The Reserve Bank of India (RBI) has released the details of Sovereign Gold Bond (SGB) tranches falling due for premature redemption during the period April 01, 2024 – September 30, 2024, along with the window available for submission of request for premature redemption by the investors.

As per RBI, though the tenor of the Sovereign Gold Bond is 8 years, early encashment/redemption of the bond is allowed after fifth year from the date of 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. 

Following are the details of Sovereign Gold Bond Tranches Falling Due For Premature Redemption during the period April 01, 2024 – September 30, 2024

S No	Tranche	Issue Date	Date of Coupon payment	Dates for submitting the request for premature redemption by the investors to the Receiving Offices/NSDL/CDSL/RBI Retail Direct
1	2016-17 Series III	November 17, 2016	May 17, 2024	From April 16, 2024 To May 7, 2024
2	2016-17 Series IV	March 17, 2017	September 17, 2024	From August 17, 2024 To September 6, 2024
3	2017-18 Series I	May 12, 2017	May 12, 2024	April 10, 2024 April 30, 2024
4	2017-18 Series II	July 28, 2017	July 28, 2024	June 26, 2024 July 16, 2024
5	2017-18 Series III	October 16, 2017	April 16, 2024	March 16, 2024 April 6, 2024
6	2017-18 Series IV	October 23, 2017	April 23, 2024	March 23, 2024 April 12, 2024
7	2017-18 Series V	October 30, 2017	April 30, 2024	March 30, 2024 April 20, 2024
8	2017-18 Series VI	November 6, 2017	May 6, 2024	April 6, 2024 April 26, 2024
9	2017-18 Series VII	November 13, 2017	May 13, 2024	April 12, 2024 May 3, 2024
10	2017-18 Series VIII	November 20, 2017	May 20, 2024	April 20, 2024 May 10, 2024
11	2017-18 Series IX	November 27, 2017	May 27, 2024	April 26, 2024 May 17, 2024
12	2017-18 Series X	December 4, 2017	June 4, 2024	May 4, 2024 May 24, 2024
13	2017-18 Series XI	December 11, 2017	June 11, 2024	May 10, 2024 June 1, 2024
14	2017-18 Series XII	December 18, 2017	June 18, 2024	May 18, 2024 June 7, 2024
15	2017-18 Series XIII	December 26, 2017	June 26, 2024	May 27, 2024 June 15, 2024
16	2017-18 Series XIV	January 1, 2018	July 1, 2024	June 1, 2024 June 21, 2024
17	2018-19 Series I	May 4, 2018	May 4, 2024	April 4, 2024 April 24, 2024
18	2018-19 Series II	October 23, 2018	April 23, 2024	March 23, 2024 April 12, 2024
19	2018-19 Series III	November 13, 2018	May 13, 2024	April 12, 2024 May 3, 2024
20	2018-19 Series IV	January 1, 2019	July 1, 2024	June 1, 2024 June 21, 2024
21	2018-19 Series V	January 22, 2019	July 22, 2024	June 21, 2024 July 12, 2024
22	2018-19 Series VI	February 12, 2019	August 12, 2024	July 12, 2024 August 2, 2024
23	2019-20 Series I	June 11, 2019	June 11, 2024	May 10, 2024 June 1, 2024
24	2019-20 Series II	July 16, 2019	July 16, 2024	June 15, 2024 July 6, 2024
25	2019-20 Series III	August 14, 2019	August 14, 2024	July 15, 2024 August 3, 2024
26	2019-20 Series IV	September 17, 2019	September 17, 2024	August 17, 2024 September 6, 2024

RBI has however said that the above-mentioned dates may undergo a change in case of unscheduled holiday/s. 

"Investors are advised to take note of the period for submission of requests for redemption of SGB, in case they choose to redeem their holdings before maturity," RBI added.

Sovereign Gold Bond Premature Redemption: What do I have to do if I want to exit my investment?

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.

What is Sovereign Gold Bond Scheme?

Sovereign Gold Bond Scheme 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 Reserve Bank on behalf of Government of India.