Sovereign Gold Bond: RBI announces SGB premature redemption dates for October 2024- March 2025, check details Note that premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds
The Reserve Bank of India (RBI) has issued a press release outlining the details of the SGB tranches scheduled for premature redemption during October 2024 – March 2025, as well as a window for submitting requests for premature redemption. Note that premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} SGB taxation in budget 2024: Changed capital gain tax on maturity, selling prematurely in RBI's buyback or on stock exchange
Sovereign gold bonds
The Sovereign Gold Bonds are issued by Government of India (GOI) as Government of India Stock in accordance with Section 3 of the Government Securities Act, 2006 (GS Act 2006). Interest rate on bonds is 2.5% now and will be paid on a half yearly basis. The amount will be credited by RBI to the bank account of the holder of SGB. Where the bonds are held with the depositories, the interest amount will be disbursed through depositories, who will arrange to credit the amount to the bank accounts through electronic means on the due date.SGB premature redemption dates for October 2024 - March 2025
Sl.TrancheIssue DateDate of Coupon paymentDates for submitting the request for premature redemption by the investors to the Receiving Offices/NSDL/CDSL/RBI Retail DirectNo.FromTo12017-18 Series I12-May-1712-Nov-2411-Oct-242-Nov-2422017-18 Series II28-Jul-1728-Jan-2527-Dec-2418-Jan-2532017-18 Series III16-Oct-1716-Oct-2416-Sep-247-Oct-2442017-18 Series IV23-Oct-1723-Oct-2423-Sep-2414-Oct-2452017-18 Series V30-Oct-1730-Oct-2430-Sep-2421-Oct-2462017-18 Series VI6-Nov-176-Nov-245-Oct-2428-Oct-2472017-18 Series VII13-Nov-1713-Nov-2411-Oct-244-Nov-2482017-18 Series VIII20-Nov-1720-Nov-2419-Oct-2411-Nov-2492017-18 Series IX27-Nov-1727-Nov-2425-Oct-2418-Nov-24102017-18 Series X4-Dec-174-Dec-244-Nov-2425-Nov-24112017-18 Series XI11-Dec-1711-Dec-2411-Nov-242-Dec-24122017-18 Series XII18-Dec-1718-Dec-2418-Nov-249-Dec-24132017-18 Series XIII26-Dec-1726-Dec-2426-Nov-2416-Dec-24142017-18 Series XIV1-Jan-181-Jan-2530-Nov-2423-Dec-24152018-19 Series I4-May-184-Nov-244-Oct-2425-Oct-24162018-19 Series II23-Oct-1823-Oct-2423-Sep-2414-Oct-24172018-19 Series III13-Nov-1813-Nov-2411-Oct-244-Nov-24182018-19 Series IV1-Jan-191-Jan-2530-Nov-2423-Dec-24192018-19 Series V22-Jan-1922-Jan-2521-Dec-2413-Jan-25202018-19 Series VI12-Feb-1912-Feb-2510-Jan-253-Feb-25212019-20 Series I11-Jun-1911-Dec-2411-Nov-242-Dec-24222019-20 Series II16-Jul-1916-Jan-2517-Dec-246-Jan-25232019-20 Series III14-Aug-1914-Feb-2515-Jan-254-Feb-25242019-20 Series IV17-Sep-1917-Mar-2515-Feb-257-Mar-25252019-20 Series V15-Oct-1915-Oct-2414-Sep-245-Oct-24262019-20 Series VI30-Oct-1930-Oct-2430-Sep-2421-Oct-24272019-20 Series VII10-Dec-1910-Dec-248-Nov-2430-Nov-24282019-20 Series VIII21-Jan-2021-Jan-2521-Dec-2413-Jan-25292019-20 Series IX11-Feb-2011-Feb-2510-Jan-251-Feb-25302019-20 Series X11-Mar-2011-Mar-257-Feb-251-Mar-25According to the RBI press release dated August 23, 2024, “It may, however, be noted that the above-mentioned dates may undergo a change in case of unscheduled holiday/s. Investors are advised to take note of the period for submission of requests for redemption of SGB, in case they choose to redeem their holdings before maturity.”
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This story originally appeared on: India Times - Author:Faqs of Insurances
