Sovereign Gold Bonds: The Reserve Financial institution of India (RBI) has declared early redemptions for 30 sequence of Sovereign Gold Bonds (SGBs) maturing between October 1, 2024, and March 31, 2025.
The central financial institution has offered a calendar from September 2024 to March 2025 for repurchasing the bonds which have accomplished 5 years, permitting traders an early withdrawal choice.This buyback aligns with the phrases specified through the bonds’ issuance.
RBI SBG early redemption calendar:
| Sl. |
Tranche |
Subject Date |
Date of Coupon cost |
Dates for submitting the request for untimely redemption by the traders to the Receiving Places of work/NSDL/CDSL/RBI Retail Direct |
| No. |
From |
To |
| 1 |
2017-18 Collection I |
12-Could-17 |
12-Nov-24 |
11-Oct-24 |
2-Nov-24 |
| 2 |
2017-18 Collection II |
28-Jul-17 |
28-Jan-25 |
27-Dec-24 |
18-Jan-25 |
| 3 |
2017-18 Collection III |
16-Oct-17 |
16-Oct-24 |
16-Sep-24 |
7-Oct-24 |
| 4 |
2017-18 Collection IV |
23-Oct-17 |
23-Oct-24 |
23-Sep-24 |
14-Oct-24 |
| 5 |
2017-18 Collection V |
30-Oct-17 |
30-Oct-24 |
30-Sep-24 |
21-Oct-24 |
| 6 |
2017-18 Collection VI |
6-Nov-17 |
6-Nov-24 |
5-Oct-24 |
28-Oct-24 |
| 7 |
2017-18 Collection VII |
13-Nov-17 |
13-Nov-24 |
11-Oct-24 |
4-Nov-24 |
| 8 |
2017-18 Collection VIII |
20-Nov-17 |
20-Nov-24 |
19-Oct-24 |
11-Nov-24 |
| 9 |
2017-18 Collection IX |
27-Nov-17 |
27-Nov-24 |
25-Oct-24 |
18-Nov-24 |
| 10 |
2017-18 Collection X |
4-Dec-17 |
4-Dec-24 |
4-Nov-24 |
25-Nov-24 |
| 11 |
2017-18 Collection XI |
11-Dec-17 |
11-Dec-24 |
11-Nov-24 |
2-Dec-24 |
| 12 |
2017-18 Collection XII |
18-Dec-17 |
18-Dec-24 |
18-Nov-24 |
9-Dec-24 |
| 13 |
2017-18 Collection XIII |
26-Dec-17 |
26-Dec-24 |
26-Nov-24 |
16-Dec-24 |
| 14 |
2017-18 Collection XIV |
1-Jan-18 |
1-Jan-25 |
30-Nov-24 |
23-Dec-24 |
| 15 |
2018-19 Collection I |
4-Could-18 |
4-Nov-24 |
4-Oct-24 |
25-Oct-24 |
| 16 |
2018-19 Collection II |
23-Oct-18 |
23-Oct-24 |
23-Sep-24 |
14-Oct-24 |
| 17 |
2018-19 Collection III |
13-Nov-18 |
13-Nov-24 |
11-Oct-24 |
4-Nov-24 |
| 18 |
2018-19 Collection IV |
1-Jan-19 |
1-Jan-25 |
30-Nov-24 |
23-Dec-24 |
| 19 |
2018-19 Collection V |
22-Jan-19 |
22-Jan-25 |
21-Dec-24 |
13-Jan-25 |
| 20 |
2018-19 Collection VI |
12-Feb-19 |
12-Feb-25 |
10-Jan-25 |
3-Feb-25 |
| 21 |
2019-20 Collection I |
11-Jun-19 |
11-Dec-24 |
11-Nov-24 |
2-Dec-24 |
| 22 |
2019-20 Collection II |
16-Jul-19 |
16-Jan-25 |
17-Dec-24 |
6-Jan-25 |
| 23 |
2019-20 Collection III |
14-Aug-19 |
14-Feb-25 |
15-Jan-25 |
4-Feb-25 |
| 24 |
2019-20 Collection IV |
17-Sep-19 |
17-Mar-25 |
15-Feb-25 |
7-Mar-25 |
| 25 |
2019-20 Collection V |
15-Oct-19 |
15-Oct-24 |
14-Sep-24 |
5-Oct-24 |
| 26 |
2019-20 Collection VI |
30-Oct-19 |
30-Oct-24 |
30-Sep-24 |
21-Oct-24 |
| 27 |
2019-20 Collection VII |
10-Dec-19 |
10-Dec-24 |
8-Nov-24 |
30-Nov-24 |
| 28 |
2019-20 Collection VIII |
21-Jan-20 |
21-Jan-25 |
21-Dec-24 |
13-Jan-25 |
| 29 |
2019-20 Collection IX |
11-Feb-20 |
11-Feb-25 |
10-Jan-25 |
1-Feb-25 |
| 30 |
2019-20 Collection X |
11-Mar-20 |
11-Mar-25 |
7-Feb-25 |
1-Mar-25 |
Supply: ET
What ought to SCG traders do?
Traders are usually not obligated to promote the bonds again to the RBI, because the early redemption window is voluntary. In response to an ET report, monetary planners advise traders to carry these bonds till maturity because of the advantages they provide. They warning in opposition to the temptation to prematurely withdraw funds and make investments them in equities.
Traders within the 4 tranches of SGBs which have accomplished their eight-year tenure have earned a median annualized return of 10.94%, which is tax-free for individuals who maintain the bonds till maturity. Moreover, they’ve acquired an annual curiosity of two.5%.
For the reason that introduction of the primary tranche in November 2015, there have been a complete of 67 tranches, with the latest issued in February 2024. As of now, the federal government has not introduced any new SGB points for the present monetary yr.
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