@nithin @ShubhS9
There is not much information available regarding the premature redemption of SGBs. This article provides some details, but the form itself is quite complicated.
Could you let me know what to fill in the form for the following fields?
- Participant Name
- Depository Participant ID
- RFN
- Account Number
- Name of the security
- Name of the issuing Company
Additional queries
- Should the “Participant Authorization” section also be filled by me or will it be filled by the DP?
- Once you receive the courier and process the request, will you send me the acknowledgement?
- The article mentions that there will be a processing charge of Rs. 150 plus GST. I assume this is on a per redemption basis, irrespective of the number of units that I will be redeeming
- If the SGB is pledged, do I need to unpledge it before sending the request form, or will the Zerodha team unpledge it on or before premature redemption date?
Thanks
P.S. - Would save us a lot of time and effort if the premature redemption request process is done online, instead of offline.