Can I encash the bond (SGB) anytime I want? Is premature redemption allowed? What do I have to do if I want to exit my investment in SGB?

Although the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates.

The bond will be tradable on exchanges. If you have the bond in your portfolio, you can sell it on the exchange through our Kotak Stock Trader App.