The National Stock Exchange (NSE) on December 29, 2025, issued a circular regarding the early redemption facility for SGBs held in Physical Mode - Jan 2026 to Mar 2026.
This circular is a continuation and partial modification of Circular No. 10/2025 dated September 1, 2025, concerning the early (premature) redemption facility for Sovereign Gold Bonds (SGBs) held in physical mode.
The Government of India and the Reserve Bank of India (RBI) have permitted premature redemption of SGBs after completion of five years from the date of issue, as per notifications issued in 2016 and 2021. In line with these guidelines, the Exchange has enabled an early redemption facility for SGBs held in physical form.
Further, the RBI press release dated August 22, 2025 has announced the premature redemption calendar for the period October 2025 to March 2026, which is provided as an annexure to the circular.
Trading members are required to:
• Comply with all requirements issued by NSEIL regarding the SGB Platform.
• Adhere to the applicable legal and regulatory framework prescribed by RBI, GOI, SEBI, and other authorities.
• Ensure that investors participating in the early redemption facility have provided their consent and comply with all applicable rules and regulations.
[Circular No: 16/2025]
