Redemption of SGB Bonds

My Physical SGB (2016-17) purchased thru Bank has been matured on 05 August 2024. My final interest amount was credited to the concerned account on 05 August 2024. However, the Matured amount has not redeemed Yet to the account. May I know what I have to do?

Hi @mkmharis

The proceeds will be credited directly to your bank account, you don’t have to do anything.

ok, thanks. How many business days upon maturity date it may take usually? any idea?