Zerodha
SGB
Maturity
SGB maturity credit destination
On SGB maturity (8 years), proceeds are credited to the bank account linked to your demat at the time of issue.
Key points
- Default: Bank account linked when you applied for the SGB.
- Bank changed later: RBI uses the bank linked at maturity if updated through KYC.
- Multiple bank accounts: Default credit goes to primary bank.
- NRI: NRO account (capital repatriable per FEMA).
Updating bank for credit
If your bank account has changed:
- Update demat KYC with new bank via Zerodha.
- Confirm with CDSL via Easi.
- Inform RBI Kuber (some tranches require explicit consent).
For older SGB tranches, the original bank may be defunct. Submit a fresh bank mandate before maturity.
What you receive
- Principal: Equal to (avg gold price last 3 days x grams held).
- Final coupon: Last 6-month coupon credit.
- Both typically credited within 5-7 working days of maturity date.
See also
- Bid for SGBs at primary issuance
- SGB redemption on Zerodha
- Redeem SGB pre-maturity on Console
- SGB premature redemption window
- SGB tax treatment on Zerodha
- SGB certificate of holding
- How funds are debited for SGB orders
- SGB secondary market on Zerodha
- Sovereign Gold Bond
- Government Securities (G-Secs) on Zerodha
- Buy G-Sec on Zerodha
- Buy T-Bills on Zerodha
- Buy SDL on Zerodha
- SDL vs T-Bills vs G-Secs comparison
- Maturity event for G-Secs
- G-Sec taxes on Zerodha
- Calculate G-Sec returns
- G-Sec bid cut-off times
- Allotment time for SDL/T-bills/G-secs
- Charges for G-Sec on Zerodha
- Indicative yield on G-Secs
- Interest payment schedule for G-Secs
- Zerodha bonds platform
- CDSL
- Reserve Bank of India
- Zerodha
- Kite (Zerodha)
External references
References
- RBI, Sovereign Gold Bond Scheme, rbi.org.in.
- Zerodha, SGB maturity credit, support.zerodha.com.