How to transfer government securities (G-secs) or Sovereign Gold Bond Scheme (SGB) from Zerodha to RBI retail direct account?

You can transfer your government securities and gold bonds (SGBs) from your Zerodha demat account to your RBI retail direct account through a value-free transfer. Since RBI records the ownership of government securities and gold bonds on a ledger, you can only transfer them this way. Zerodha will charge rematerialisation fees of ₹150 + 18% GST.

The process to transfer G-secs or SGBs from Zerodha demat account to RBI retail direct account is as follows:

1. The following documents must be sent to Zerodha:

• Rematerialisation request form (PDF) for each G-sec or SGB series or ISIN. The rematerialisation form has to be filled with details of the number of units of G-sec or SGB and the relevant series or ISIN¹.
• Value-free transfer letter (PDF) for each G-sec or SGB series and ISIN.
• A screenshot of the client's profile on the Retail Direct Gilt (RDG) account. Clients must log in to rbiretaildirect.in/#/login/ and click on Dashboard to view their profile.
• Self-attested PAN.

Example scenario

Let’s say 3 G-secs are to be transferred from Zerodha to RBI retail direct account. In such case, for each G-sec, a separate rematerialisation request form and a separate value-free transfer letter must be submitted. So in total 3 rematerialisation request forms and 3 value-free transfer forms must be submitted.

Courier the documents to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

After the documents are verified, Zerodha will provide a Rematerialisation Request Number (RRN).

2. A request for transfer must then be placed on the Retail Direct Gilt (RDG) account. To place a transfer request, follow these steps:

1. Log in to RDG account by visiting rbiretaildirect.in/#/login/.
2. Click on Investor Services and then Request.
   
   
3. Enter the details in the respective fields as follows:

• In the Security field enter the ISIN of the securities being transferred.
• In the Transfer Amount (in Rs. Or Grams) field mention the quantity or units of securities being transferred.
• In the Source Depository mention CDSL.
• In the Depository Participant Name field mention Zerodha Broking Limited.
• In the Depository Participant Accounts No mention the DP ID.
• In the Depository Participant Client No field mention the BO ID.
• In the Transaction Reference Number field mention any number for reference.
• Upload the Remat Reference Number (RRN) provided by Zerodha in the Document upload field.

4. Click on Submit.

The transfer of G-secs or SGB’s from Zerodha demat account to RBI will take up to 3 weeks.

Did you know? You can also transfer government securities from your RBI retail direct account to your Zerodha account.

Notes

¹ To view the number of units or the ISIN of the G-sec or SGB:

1. Visit console.zerodha.com/portfolio/holdings.
2. Click on the context menu.
3. Click on View breakdown.