How to request SGB premature withdrawal? Steps to follow for Premature Redemption of SGB.

Question

How to request SGB premature withdrawal? Steps to follow for Premature Redemption of SGB.

Accepted Answer · 2022-06-20

Option1:

Early redemption of Gold Bond is permitted after 5 years from the date of issue of bounds. Such repayments will be made on the date on which interest is payable.

Option2:

If you hold SGB in demat format, you can trade the same on the secondary market at any time.

Process of Pre-Mature Redemption:

The request must be placed thirty days before the interest payment date.
Need to place a physical request to the concerned bank/SHCIL offices/Post Office/agent for nondemat holding.
For demat holding, submit your request to Depository through DP.
Additional Documents for KYC and declaration form need to submit.
The fund will be credited to the customer’s bank account provided at the time of applying for the bond.

How to request SGB premature withdrawal? Steps to follow for Premature Redemption of SGB.

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