"So from 1st April 26 I go and surrender at the redemption to government and I have bought it. When you mean government RBI RBI because they will ask for the maturity when there is a due after the 8 years let's say you have invested for 5 years and remaining 3 years is with me. Okay. So for me is also till now tax exempt but from 1st April 26 it's changing. So I have to pay tax on that because I'm a secondary holder and not the primary holder. Oh so that's a big change. So from tomorrow onwards I think SGB will have a less traction. That's a big thing. Why? Because nobody want to buy SGB now because there is no benefit in the buying in a secondary market from the DMAC."
By Finance With Sharan | February 1, 2026 | Correct
From video
BUDGET 2026 EXPLAINED : What Changed for Investors, Traders & Taxes | Nirmala Sitharaman | FWS 94 00:21:47 - 00:22:27
Interpreted Prediction
From April 1, 2026, secondary holders of SGBs will have to pay tax on redemption to the government, removing the tax-exempt benefit for them. This will lead to less traction and reduced buying interest in SGBs in the secondary market.
AI Evaluation Notes
Evaluated on 2026-04-27
The Union Budget 2026, presented on February 1, 2026, officially amended the tax rules for Sovereign Gold Bonds (SGBs). Effective April 1, 2026, the capital gains tax exemption on redemption is restricted to original subscribers who hold the bonds until maturity, meaning secondary market buyers are now subject to capital gains tax upon redemption.

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