These six Sovereign Gold Bond series become eligible for early redemption in August: Check dates, process
Six SGB tranches issued between 2018 and 2021 will become eligible for premature redemption in August, giving investors who have completed the mandatory five-year holding period an opportunity to exit early. The RBI has notified the redemption dates, but investors must apply within the prescribed window to avoid missing the opportunity.
- Aug 4, 2026,
- Updated Aug 4, 2026 1:51 PM IST
Investors holding Sovereign Gold Bonds (SGBs) issued between 2018 and 2021 will have multiple opportunities to redeem their investments early this August, provided they have completed the mandatory five-year holding period.
According to the Reserve Bank of India's (RBI) premature redemption calendar for April-September 2026, six SGB tranches are scheduled for early redemption during the month. While Sovereign Gold Bonds carry an original maturity of eight years, investors are allowed to redeem them after five years on the interest payment dates notified by the RBI.
However, investors must submit their redemption request within the application window specified for their respective bond series. Missing the deadline means waiting until the next RBI-notified redemption opportunity.
SGB series eligible for redemption in August
The following Sovereign Gold Bond tranches are eligible for premature redemption this month:
SGB Series Redemption Date
2020-21 Series XI August 7, 2026 2019-20 Series IX August 11, 2026 2020-21 Series V August 11, 2026 2018-19 Series VI August 12, 2026 2019-20 Series III August 14, 2026 2021-22 Series V August 17, 2026
Source: RBI
Eligible investors should submit their redemption request through the institution from which they purchased the bonds within the RBI's prescribed application window.
How to submit a redemption request
Premature redemption requests can be submitted through:
Banks Designated post offices Stock Holding Corporation of India Ltd. (SHCIL) Depository participants such as NSDL and CDSL RBI Retail Direct platform (for bonds purchased through the platform)
Investors should also ensure their bank account details and Know Your Customer (KYC) information are up to date with the issuing institution to avoid delays in receiving the redemption proceeds.
How the redemption amount is calculated
Unlike fixed deposits or other fixed-income investments, the redemption value of a Sovereign Gold Bond depends on the prevailing market price of gold.
The RBI calculates the redemption price using the simple average of the closing price of 999 purity gold for the previous three working days, based on rates published by the India Bullion and Jewellers Association (IBJA). As a result, the amount investors receive may be higher or lower than their original investment, depending on how gold prices have moved during the holding period.
In addition to any capital appreciation linked to gold prices, investors continue to earn the fixed interest of 2.5% per annum on the original investment amount until the redemption date. The interest is paid semi-annually, and no further interest accrues once the bonds are redeemed.
Investors planning an early exit should carefully track the applicable submission deadlines, as premature redemption is permitted only on RBI-notified interest payment dates. Missing the application window could require waiting several more months for the next eligible redemption date.
Investors holding Sovereign Gold Bonds (SGBs) issued between 2018 and 2021 will have multiple opportunities to redeem their investments early this August, provided they have completed the mandatory five-year holding period.
According to the Reserve Bank of India's (RBI) premature redemption calendar for April-September 2026, six SGB tranches are scheduled for early redemption during the month. While Sovereign Gold Bonds carry an original maturity of eight years, investors are allowed to redeem them after five years on the interest payment dates notified by the RBI.
However, investors must submit their redemption request within the application window specified for their respective bond series. Missing the deadline means waiting until the next RBI-notified redemption opportunity.
SGB series eligible for redemption in August
The following Sovereign Gold Bond tranches are eligible for premature redemption this month:
SGB Series Redemption Date
2020-21 Series XI August 7, 2026 2019-20 Series IX August 11, 2026 2020-21 Series V August 11, 2026 2018-19 Series VI August 12, 2026 2019-20 Series III August 14, 2026 2021-22 Series V August 17, 2026
Source: RBI
Eligible investors should submit their redemption request through the institution from which they purchased the bonds within the RBI's prescribed application window.
How to submit a redemption request
Premature redemption requests can be submitted through:
Banks Designated post offices Stock Holding Corporation of India Ltd. (SHCIL) Depository participants such as NSDL and CDSL RBI Retail Direct platform (for bonds purchased through the platform)
Investors should also ensure their bank account details and Know Your Customer (KYC) information are up to date with the issuing institution to avoid delays in receiving the redemption proceeds.
How the redemption amount is calculated
Unlike fixed deposits or other fixed-income investments, the redemption value of a Sovereign Gold Bond depends on the prevailing market price of gold.
The RBI calculates the redemption price using the simple average of the closing price of 999 purity gold for the previous three working days, based on rates published by the India Bullion and Jewellers Association (IBJA). As a result, the amount investors receive may be higher or lower than their original investment, depending on how gold prices have moved during the holding period.
In addition to any capital appreciation linked to gold prices, investors continue to earn the fixed interest of 2.5% per annum on the original investment amount until the redemption date. The interest is paid semi-annually, and no further interest accrues once the bonds are redeemed.
Investors planning an early exit should carefully track the applicable submission deadlines, as premature redemption is permitted only on RBI-notified interest payment dates. Missing the application window could require waiting several more months for the next eligible redemption date.