What is sovereign gold bond tenure?

As per RBI, the tenure for the sovereign gold bond is 8 years. Early redemption is possible after 5 years. Sovereign gold bonds are listed on the stock exchange, so you have the option to trade the same on exchange. In that case, you are not bound with the redemption time window.

Process of Sovereign gold bond redemption - Interest on sovereign gold bonds is payable till maturity date only. In case, funds are not redeemed on the maturity date, you will not get any interest post maturity. Usually, funds will be directly credited in your bank account. In case of any changes in your bank account, you need to request for the corrections in order to avoid any delay in interest and redemption payment.