Tuesday, 2 November 2021

Most Important: Sovereign Gold Bond Scheme (SGB) -Early Redemption of Tranche No 6 (SGB 2016-17 Series-III)

Most Important: Sovereign Gold Bond Scheme (SGB) -Early Redemption of Tranche No 6 (SGB 2016-17 Series-III)

RBI informed that redemption requests of customers for

Tranche No 6 (issue date November 17,2016) of Sovereign Gold Bond (SGB 2016-17 Series III) shall be open
From November 03,2021 to November 10,2021 on all working days.

The date of redemption shall be November 17, 2021.

1. Please note that no specific form has been prescribed for accepting applications for early redemption from the investors.

2. It may be ensured that the bank details of the investors are checked for correctness before accepting requests so as to avoid return of unpaid amounts.

3. The requests may be accepted by the Receiving offices (Concern Post Office) on behalf of their customers and by depositories (in case of SGBs held in demat form) through the Depository Participants.

The details of SGB 2016-17 Series III are as follows

1. Security Name: SGB 2016-17 series III
2. Security Code : 18850
3. ISIN: IN0020160076

For premature redemption

(Process to be followed by the concerned post offices):-

1. The receiving office should scan the documents and mail the same to the nodal office for further process.

2. In the subject of the mail for the same –

“URGENT- REDEMPTION DOCUMENTS _INVESTOR NAME _ INVESTOR NAME_INVESTOR ID” so as to identify the top priority mails.

3. In case of the DEMAT bonds, the request is to be submitted through the concerned depository and not through the post offices.

With Regards,
Director,
(SGB Cell)
Mumbai GPO-400001.
Ph.022-22651013 / 022-22626100 

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