The Reserve Bank of India (RBI) released the premature redemption calendar for Sovereign Gold Bonds (SGBs) on February 23.
This schedule applies to bonds whose early redemption dates fall between April 1 and September 30, 2026.
As per the guidelines issued on October 22, 2021, investors are allowed to redeem SGBs early after completing five years from the date of issue.
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33 SGB Tranches Eligible for Early Redemption
According to the RBI schedule, a total of 33 tranches issued between 2018-19 and 2021-22 will be eligible for premature redemption during this six-month period.
These include tranches starting from 2018-19 Series II (issued October 23, 2018) to 2021-22 Series VI (issued September 7, 2021).
First and Last Tranche Redemption Dates
During this period, the first tranche to become eligible is 2018-19 Series II, which can be redeemed on April 23, 2026.
Its application window will be open from March 23, 2026 to April 13, 2026.
The last tranche in the list is 2019-20 Series X, which will be eligible on September 11, 2026.
Investors can apply for this tranche between August 11, 2026 and September 1, 2026.
Separate Application Window for Each Tranche
All other tranches will also be eligible for early redemption exactly five years after their issue date.
Each tranche has its own application period, so investors should carefully check the correct dates before applying.
Tranche-Wise Early Redemption Schedule (2026)
2018–19 Series II
Issue: Oct 23, 2018 → Redemption: Apr 23, 2026
Apply: Mar 23 – Apr 13, 2026
2018–19 Series III
Issue: Nov 13, 2018 → Redemption: May 13, 2026
Apply: Apr 10 – May 04, 2026
2018–19 Series IV
Issue: Jan 01, 2019 → Redemption: Jul 01, 2026
Apply: May 30 – Jun 22, 2026
2018–19 Series V
Issue: Jan 22, 2019 → Redemption: Jul 22, 2026
Apply: Jun 20 – Jul 13, 2026
2018–19 Series VI
Issue: Feb 12, 2019 → Redemption: Aug 12, 2026
Apply: Jul 10 – Aug 03, 2026
2019–20 Series I
Issue: Jun 11, 2019 → Redemption: Jun 11, 2026
Apply: May 11 – Jun 01, 2026
2019–20 Series II
Issue: Jul 16, 2019 → Redemption: Jul 16, 2026
Apply: Jun 15 – Jul 06, 2026
2019–20 Series III
Issue: Aug 14, 2019 → Redemption: Aug 14, 2026
Apply: Jul 14 – Aug 04, 2026
2019–20 Series IV
Issue: Sep 17, 2019 → Redemption: Sep 17, 2026
Apply: Aug 17 – Sep 07, 2026
2019–20 Series V
Issue: Oct 15, 2019 → Redemption: Apr 15, 2026
Apply: Mar 14 – Apr 06, 2026
2019–20 Series VI
Issue: Oct 30, 2019 → Redemption: Apr 30, 2026
Apply: Mar 30 – Apr 20, 2026
2019–20 Series VII
Issue: Dec 10, 2019 → Redemption: Jun 10, 2026
Apply: May 08 – Jun 01, 2026
2019–20 Series VIII
Issue: Jan 21, 2020 → Redemption: Jul 21, 2026
Apply: Jun 20 – Jul 13, 2026
2019–20 Series IX
Issue: Feb 11, 2020 → Redemption: Aug 11, 2026
Apply: Jul 10 – Aug 01, 2026
2019–20 Series X
Issue: Mar 11, 2020 → Redemption: Sep 11, 2026
Apply: Aug 11 – Sep 01, 2026
2020–21 Series I
Issue: Apr 28, 2020 → Redemption: Apr 28, 2026
Apply: Mar 28 – Apr 18, 2026
2020–21 Series II
Issue: May 19, 2020 → Redemption: May 19, 2026
Apply: Apr 18 – May 11, 2026
2020–21 Series III
Issue: Jun 16, 2020 → Redemption: Jun 16, 2026
Apply: May 16 – Jun 06, 2026
2020–21 Series IV
Issue: Jul 14, 2020 → Redemption: Jul 14, 2026
Apply: Jun 12 – Jul 04, 2026
2020–21 Series V
Issue: Aug 11, 2020 → Redemption: Aug 11, 2026
Apply: Jul 10 – Aug 01, 2026
2020–21 Series VI
Issue: Sep 08, 2020 → Redemption: Sep 08, 2026
Apply: Aug 07 – Aug 29, 2026
2020–21 Series VII
Issue: Oct 20, 2020 → Redemption: Apr 20, 2026
Apply: Mar 20 – Apr 10, 2026
2020–21 Series VIII
Issue: Nov 18, 2020 → Redemption: May 18, 2026
Apply: Apr 17 – May 08, 2026
2020–21 Series IX
Issue: Jan 05, 2021 → Redemption: Jul 04, 2026
Apply: Jun 04 – Jun 24, 2026
2020–21 Series X
Issue: Jan 19, 2021 → Redemption: Jul 18, 2026
Apply: Jun 18 – Jul 08, 2026
2020–21 Series XI
Issue: Feb 09, 2021 → Redemption: Aug 07, 2026
Apply: Jul 09 – Jul 28, 2026
2020–21 Series XII
Issue: Mar 09, 2021 → Redemption: Sep 09, 2026
Apply: Aug 07 – Aug 31, 2026
2021–22 Series I
Issue: May 25, 2021 → Redemption: May 25, 2026
Apply: Apr 24 – May 15, 2026
2021–22 Series II
Issue: Jun 01, 2021 → Redemption: Jun 01, 2026
Apply: Apr 30 – May 22, 2026
2021–22 Series III
Issue: Jun 08, 2021 → Redemption: Jun 08, 2026
Apply: May 08 – May 29, 2026
2021–22 Series IV
Issue: Jul 20, 2021 → Redemption: Jul 20, 2026
Apply: Jun 19 – Jul 10, 2026
2021–22 Series V
Issue: Aug 17, 2021 → Redemption: Aug 17, 2026
Apply: Jul 17 – Aug 07, 2026
2021–22 Series VI
Issue: Sep 07, 2021 → Redemption: Sep 07, 2026
Apply: Aug 07 – Aug 28, 2026
How to Apply for Early Redemption
Investors can submit redemption requests through authorised banks or offices, depositories such as NSDL and CDSL, or through the RBI Retail Direct platform within the specified application period.
The RBI has also said that these dates may change if unexpected holidays are declared. Therefore, investors planning to redeem SGBs before maturity should carefully check the application window for their specific tranche.