SGB Premature Redemption Dates: Several Sovereign Gold Bond (SGB) tranches issued between 2018–19 and 2021–22 will become eligible for early redemption in May and June 2026.
Under the SGB scheme rules, SGBs mature after eight years. However, investors can opt for premature redemption after completing five years from the date of issue. Redemption is allowed only on interest payment dates and investors must submit their requests within the timeline specified by the RBI.
The latest round of SGB redemptions comes at a time when gold prices are hovering near record levels amid continued global uncertainty and strong domestic demand for the yellow metal. Investors who had subscribed to these bonds a few years ago, when gold prices were significantly lower, are likely to see gains upon redemption.
SGB Premature Redemption Dates In May 2026
According to the Reserve Bank of India’s (RBI) SGB premature redemption schedule, the 2018–19 Series III tranche will be eligible for redemption on May 13, 2026. However, the request window for investors was open between April 10 and May 04, 2026.
The 2020–21 Series VIII tranche is due for redemption on May 18, 2026, for which the request window was open from April 17 to May 08, 2026.
Similarly, the 2020–21 Series II tranche will be eligible for premature redemption on May 19, 2026. Investors who placed their requests between April 18 and May 11, 2026 will be able to redeem.
Meanwhile, the 2021–22 Series I tranche will mature for premature redemption on May 25, 2026, for which the request window opened on April 24 and will close on May 15, 2026.
| Tranche | Redemption Date | Request Window |
| 2018–19 Series III | May 13, 2026 | April 10 – May 04, 2026 |
| 2020–21 Series VIII | May 18, 2026 | April 17 – May 08, 2026 |
| 2020–21 Series II | May 19, 2026 | April 18 – May 11, 2026 |
| 2021–22 Series I | May 25, 2026 | April 24 – May 15, 2026 |
SGB Premature Redemption Dates In June 2026
Several SGB tranches scheduled for premature redemption in June 2026 also have their application windows open during May, as per the RBI’s redemption calendar.
The 2021–22 Series II tranche is set for redemption on June 01, 2026, and investors can submit requests till May 22, 2026. Similarly, the application window for the 2021–22 Series III tranche, which is due for redemption on June 08, 2026, will remain open till May 29, 2026.
The 2019–20 Series VII tranche will be redeemed on June 10, 2026, while investors can place redemption requests until June 01, 2026. The 2019–20 Series I tranche, scheduled for redemption on June 11, 2026, also has its request window open till June 01, 2026.
Meanwhile, the 2020–21 Series III tranche is due for premature redemption on June 16, 2026. Investors can submit redemption requests for this tranche between May 16 and June 06, 2026.
| Tranche | Redemption Date | Request Window |
| 2021–22 Series II | June 01, 2026 | April 30 – May 22, 2026 |
| 2021–22 Series III | June 08, 2026 | May 08 – May 29, 2026 |
| 2019–20 Series VII | June 10, 2026 | May 08 – June 01, 2026 |
| 2019–20 Series I | June 11, 2026 | May 11 – June 01, 2026 |
| 2020–21 Series III | June 16, 2026 | May 16 – June 06, 2026 |
How Is The SGB Redemption Price Calculated?
The redemption price for SGBs is calculated using the simple average of the closing price of 999 purity gold published by India Bullion and Jewellers Association (IBJA) for the previous three business days before redemption.
For example, if an SGB tranche is due for redemption on May 19, the payout will be based on the average IBJA gold prices for the preceding three business days.
According to IBJA, the price of 999 purity gold stood at Rs 1,51,954 per 10 grams (AM rate) on May 12, 2026.
Frequently Asked Questions
1. Which SGB tranches are eligible for premature redemption in May and June 2026?
The SGB tranches eligible for premature redemption in May 2026 include 2018–19 Series III, 2020–21 Series VIII, 2020–21 Series II and 2021–22 Series I.
The tranches scheduled for premature redemption in June 2026 include 2021–22 Series II and III, 2019–20 Series VII and I, and 2020–21 Series III.
2. When can investors opt for premature redemption of SGBs?
Investors can opt for premature redemption after completing five years from the date of issue, even though SGBs have a total maturity period of eight years.
3. How is the SGB redemption price determined?
The redemption price is calculated based on the simple average of the closing price of 999 purity gold published by the India Bullion and Jewellers Association (IBJA) for the previous three business days before redemption.
4. Where can investors submit SGB redemption requests?
Investors can submit redemption requests through banks, post offices, Stock Holding Corporation of India (SHCIL), or authorised stock exchanges within the RBI-specified application window.
