How do I redeem Sovereign Gold Bonds using FYERS platforms?
You can easily redeem your Sovereign Gold Bonds (SGBs) via the secondary market using FYERS Web, FYERS App, or FYERS Next. Redemption is treated as a standard sell transaction on the exchange.
Steps to redeem SGBs on FYERS
- Login to FYERS Platform:
Open FYERS Web or your preferred FYERS platform using your login credentials. - Search for the SGB:
Use the ‘Symbol Search’ at the top-left. Type the series or symbol name (e.g., SGBJUL29-GB) of the SGB you hold. - Place the sell order:
Enter the quantity of SGBs you wish to sell, confirm your order, and submit. - Order execution:
Execution depends on available liquidity in the market. The order will be filled if a matching buyer is present.
Points to remember
- Market liquidity: SGBs may have fewer buyers or sellers due to low trading volumes. This could delay execution or impact pricing.
- Redemption at aaturity: If you wait until the bond matures, redemption is automatic and proceeds are credited directly to your bank account linked with your Demat account.
What if...
| Scenario | Resolution |
|---|
| No buyers for your SGB at listed price | Modify your order price closer to the current bid to improve chances of execution. |
| You miss selling before maturity | The bond will be automatically redeemed by RBI and funds credited to your bank account. |
Plan early if you need funds by a certain date—SGBs may take longer to sell due to limited liquidity.
Last updated: 26 Jun 2025
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