Redeem Sovereign Gold Bonds Easily with FYERS

How do I redeem Sovereign Gold Bonds using FYERS platforms?

To redeem your Sovereign Gold Bonds (SGBs) on the secondary market through FYERS, you can use any of our platforms—FYERS Web, FYERS App, or FYERS Next. Here’s how you can carry out the redemption process:
  1. Log into FYERS Platform: Open the Fyers Web or any other FYERS platform you prefer.
  1. Search for the SGB: Locate the 'Symbol Search' feature, available on the top left corner of the interface and type in the Symbol name or series of the SGB that you hold and wish to sell.

  1. Execute the Sell Order: Enter the number of units you intend to sell from your SGB holdings and confirm and place your sell order.


  1. Order Placement and Execution: Once the order is placed, the execution of your sell order is subject to market liquidity.
Points to Remember:
  • Market Liquidity: The secondary market for SGBs often experiences lower liquidity. Hence, there might be limited buyers or sellers at any given time.
  • Execution Time: It’s prudent to plan your redemption in advance if you have specific financial deadlines or requirements, considering the liquidity constraints.
  • Redemption at Maturity: Alternatively, if you wish to redeem at maturity, it is handled automatically with the amount credited to the bank account linked to your Demat account.

    • Related Articles

    • What are Sovereign Gold Bonds?

      Sovereign Gold Bonds (SGBs) are government-backed securities denominated in grams of gold. They serve as an alternative to physically holding gold. Investors pay the issue price in cash and, on maturity, the bonds are redeemed in cash. Issued by the ...

    • Can I redeem SGBs through the primary market?

      Yes, you can redeem Sovereign Gold Bonds (SGBs) through the primary market, but only upon their maturity. The maturity period for SGBs is 8 years from the issue date. Although, there is an option to exit starting from the fifth year on the designated ...

    • How can I invest in corporate bonds at FYERS?

      You can invest in corporate bonds listed as debt instruments through the FYERS IPO portal. These bonds are typically offered under 'Debt-IPO' categories and are accessible to all FYERS clients via a simple online application process. Steps to invest ...

    • Can I buy SGB in the trading platforms?

      Absolutely! SGBs can be traded in the secondary market using our trading platforms, namely, Fyers Web, Fyers Next, Fyers App and Fyers EA. For detailed steps on applying for new SGB issues, kindly refer to the this article.

    • Can I apply for corporate bonds in the secondary market?

      Yes, you can actively buy and sell corporate bonds in the secondary market through FYERS trading platforms—FYERS Web, FYERS App, and FYERS Next. This allows you to access listed debt instruments beyond primary Debt-IPOs and manage your bond ...