Maturity on WebNotes

Maturity event for G-Secs

Wed, 20 May 2026 00:00:00 +0000

On G-Sec maturity, the following events occur automatically:

Final coupon is credited on the last interest-payment date (semi-annual schedule).
Principal (face value) is credited to your bank account linked to Zerodha on the maturity date.
Securities removed from your demat account.
Console reflects closure: holding shows as Matured.

Timeline

T+0 (maturity date): Principal credited to bank; demat updated.
T+1 to T+2: Console reflects final P&L.
CDSL SMS confirms removal of the holding.

Tax at maturity

Coupon income: Taxed as “income from other sources” at slab rate, year-on-year.
Capital gain/loss on principal: If purchased at discount/premium, the difference is taxed as capital gain.

For details: G-Sec taxes on Zerodha .

SGB maturity credit destination

Wed, 20 May 2026 00:00:00 +0000

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:

How to handle FMP rollover or maturity

Tue, 19 May 2026 00:00:00 +0000

FMP maturity handling is the moment of truth for the investor’s tax planning. Rollover defers tax; maturity realises it.

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Maturity on WebNotes

Maturity event for G-Secs

Timeline

Tax at maturity

SGB maturity credit destination

Key points

Updating bank for credit

How to handle FMP rollover or maturity

Step-by-step procedure

See also

External references

References