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

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.
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