The National Stock Exchange, (NSE) on 23, 2024, issued a notification regarding the Early redemption facility for SGBs held in Physical Mode - Jan 2025 to Mar 2025.
The circular updates and modifies the guidelines for the early redemption facility for Sovereign Gold Bonds (SGBs) held in physical mode for the period October 2024 to March 2025, as per the Government of India and Reserve Bank of India (RBI) notifications.
Eligibility: Premature redemption is allowed after completing five years from the issue date of SGB units.
RBI Schedule: Redemption dates for October 2024 to March 2025 are provided in Annexure 1.
Compliance: Trading members must ensure investor consent for early redemption and adherence to all legal and regulatory requirements specified by authorities such as NSEIL, RBI, GOI, and SEBI.
The table of parameters for redemption is attached to the document.
[Notification No. NSE/IPO/ 65732]
