RBI Outlines Early Redemption Schedule for Five Sovereign Gold Bond Tranches in April

Sovereign Gold Bond (SGB) Premature Redemption Schedule

Reserve Bank of India (RBI) has announced the premature redemption schedule for five SGB tranches that have completed the mandatory five-year lock-in period and will become eligible for early redemption in April 2026.

Eligible Tranches and Redemption Dates

• 2018–19 Series II, issued October 23, 2018, with a redemption date of April 23, 2026
• 2019–20 Series V, issued October 15, 2019, with a redemption date of April 15, 2026
• 2019–20 Series VI, issued October 30, 2019, with a redemption date of April 30, 2026
• 2020–21 Series I, issued April 28, 2020, with a redemption date of April 28, 2026
• 2020–21 Series VII, issued October 20, 2020, with a redemption date of April 20, 2026

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Timeline for Submitting Premature Redemption Requests

• 2018–19 Series II: March 23, 2026, to April 13, 2026
• 2019–20 Series V: March 14, 2026, to April 6, 2026
• 2019–20 Series VI: March 30, 2026, to April 20, 2026
• 2020–21 Series I: March 28, 2026, to April 18, 2026
• 2020–21 Series VII: March 20, 2026, to April 10, 2026

Taxation on SGB Post April 1, 2026

From April 1, 2026, premature redemptions of SGB will no longer automatically qualify for tax exemption under the revised rules. This means investors exiting after five years may now face capital gains tax, reducing the post-tax return advantage that SGBs previously offered in the early redemption window. However, long-term investors may benefit from staying invested until the full eight-year maturity, as capital gains arising on redemption at maturity will continue to remain tax-free for individual investors.

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