What happens when a SDL, T-bill and G-sec matures?

When the T-bills mature, they are debited from the demat account by the government automatically. This is called the extinguishment of securities. The amount will be credited to the primary bank account linked with Zerodha within 15 working days. When NCDs mature, they are redeemed at their face value and the principal amount is credited to the client's bank account.

CDSL will send an SMS to the registered mobile number upon maturity. The transaction can also be viewed on the holdings statement. See How to download transaction cum holding statement?

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T-bills will not be visible in the Kite holdings during the last two days before the maturity date, as they will be suspended from trading. However, they will remain visible in the Console holdings (WEB) until the units are debited from the demat account.