Can I redeem SGBs through the primary market?
Yes, you can redeem Sovereign Gold Bonds (SGBs) through the primary market, but only under specific conditions. These redemptions are facilitated directly by the Reserve Bank of India (RBI) and follow the official maturity structure.
Redemption via primary market
- Maturity period: SGBs mature 8 years from the date of issue.
- Early exit option: Available from the 5th year onwards, but only on the designated interest payment dates.
Redemption process:
- Submit a request at least one month in advance.
- The request must go through your associated bank or channel partner.
What if...
| Scenario | Resolution |
|---|
| You want to redeem after 5 years but before 8 years | Submit an advance notice via your bank to RBI, aligning with the next interest payout date. |
| You prefer not to wait for the maturity or payout schedule | Consider selling your SGBs in the secondary market via FYERS for quicker liquidity. |
Always plan ahead for primary market redemptions, as the one-month advance notice is mandatory and cannot be bypassed.
Last updated: 26 Jun 2025
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