Sovereign Gold Bonds: The Reserve Bank of India (RBI) has declared early redemptions for 30 series of Sovereign Gold Bonds (SGBs) maturing between October 1, 2024, and March 31, 2025. The central bank has provided a calendar from September 2024 to March 2025 for repurchasing the bonds that have completed five years, allowing investors an early withdrawal option.This buyback aligns with the terms specified during the bonds’ issuance.
RBI SBG early redemption calendar:
Sl.
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
No.
From
To
1
2017-18 Series I
12-May-17
12-Nov-24
11-Oct-24
2-Nov-24
2
2017-18 Series II
28-Jul-17
28-Jan-25
27-Dec-24
18-Jan-25
3
2017-18 Series III
16-Oct-17
16-Oct-24
16-Sep-24
7-Oct-24
4
2017-18 Series IV
23-Oct-17
23-Oct-24
23-Sep-24
14-Oct-24
5
2017-18 Series V
30-Oct-17
30-Oct-24
30-Sep-24
21-Oct-24
6
2017-18 Series VI
6-Nov-17
6-Nov-24
5-Oct-24
28-Oct-24
7
2017-18 Series VII
13-Nov-17
13-Nov-24
11-Oct-24
4-Nov-24
8
2017-18 Series VIII
20-Nov-17
20-Nov-24
19-Oct-24
11-Nov-24
9
2017-18 Series IX
27-Nov-17
27-Nov-24
25-Oct-24
18-Nov-24
10
2017-18 Series X
4-Dec-17
4-Dec-24
4-Nov-24
25-Nov-24
11
2017-18 Series XI
11-Dec-17
11-Dec-24
11-Nov-24
2-Dec-24
12
2017-18 Series XII
18-Dec-17
18-Dec-24
18-Nov-24
9-Dec-24
13
2017-18 Series XIII
26-Dec-17
26-Dec-24
26-Nov-24
16-Dec-24
14
2017-18 Series XIV
1-Jan-18
1-Jan-25
30-Nov-24
23-Dec-24
15
2018-19 Series I
4-May-18
4-Nov-24
4-Oct-24
25-Oct-24
16
2018-19 Series II
23-Oct-18
23-Oct-24
23-Sep-24
14-Oct-24
17
2018-19 Series III
13-Nov-18
13-Nov-24
11-Oct-24
4-Nov-24
18
2018-19 Series IV
1-Jan-19
1-Jan-25
30-Nov-24
23-Dec-24
19
2018-19 Series V
22-Jan-19
22-Jan-25
21-Dec-24
13-Jan-25
20
2018-19 Series VI
12-Feb-19
12-Feb-25
10-Jan-25
3-Feb-25
21
2019-20 Series I
11-Jun-19
11-Dec-24
11-Nov-24
2-Dec-24
22
2019-20 Series II
16-Jul-19
16-Jan-25
17-Dec-24
6-Jan-25
23
2019-20 Series III
14-Aug-19
14-Feb-25
15-Jan-25
4-Feb-25
24
2019-20 Series IV
17-Sep-19
17-Mar-25
15-Feb-25
7-Mar-25
25
2019-20 Series V
15-Oct-19
15-Oct-24
14-Sep-24
5-Oct-24
26
2019-20 Series VI
30-Oct-19
30-Oct-24
30-Sep-24
21-Oct-24
27
2019-20 Series VII
10-Dec-19
10-Dec-24
8-Nov-24
30-Nov-24
28
2019-20 Series VIII
21-Jan-20
21-Jan-25
21-Dec-24
13-Jan-25
29
2019-20 Series IX
11-Feb-20
11-Feb-25
10-Jan-25
1-Feb-25
30
2019-20 Series X
11-Mar-20
11-Mar-25
7-Feb-25
1-Mar-25
Source: ET
What should SCG investors do?
Investors are not obligated to sell the bonds back to the RBI, as the early redemption window is voluntary. According to an ET report, financial planners advise investors to hold these bonds until maturity due to the benefits they offer. They caution against the temptation to prematurely withdraw funds and invest them in equities. Investors in the four tranches of SGBs that have completed their eight-year tenure have earned an average annualized return of 10.94%, which is tax-free for those who hold the bonds until maturity. Additionally, they have received an annual interest of 2.5%. Since the introduction of the first tranche in November 2015, there have been a total of 67 tranches, with the most recent issued in February 2024. As of now, the government has not announced any new SGB issues for the current financial year.
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