Investors who own three Sovereign Gold Bonds (SGBs) from the 2017-18 series will be able to redeem their investments early in April 2025. They could earn significant returns from this possible early exit. According to reports, the possible gains may reach even 199%, depending on the bond series.
Eligible Bonds For Early Redemption
The SGBs that can be redeemed early in April 2025 are Series III, IV and V from 2017-18.
The dates on which investors can redeem these bonds are:
Series III: April 16, 2025
Series IV: April 23, 2025
Series V: April 30, 2025
These bonds were initially issued at prices ranging from Rs 2,956 to Rs 2,987 per gram. With the recent rise in gold prices, they now offer a lucrative exit opportunity. Investors should submit their redemption requests within the stipulated timelines to ensure a smooth transaction.
While the usual tenure of Sovereign Gold Bonds is eight years, investors can opt for early redemption after completing five years. They can do so only on coupon payment dates specified by the Reserve Bank of India.
To redeem, those holding bonds must submit their requests at least 30 days before the scheduled redemption date. The final redemption price will be based on the average closing price of 999-purity gold over the preceding three business days, as per the rates published by the Indian Bullion and Jewellers Association (IBJA).
Deadlines For Investors
To ensure smooth processing, investors must adhere to the following submission windows for redemption requests:
Series III: Mar. 17 to Apr. 7, 2025
Series IV: Mar. 24 – Apr. 15, 2025
Series V: Mar. 31 – Apr. 21, 2025
Requests must be submitted through authorised receiving offices, including NSDL, CDSL or RBI Retail Direct. Investors also need to update their personal details with their banks or depositories in advance to prevent any disruptions in receiving their maturity proceeds.
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