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.

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