It seems Inter-depository off-market transfer (IDT) of Sovereign Gold Bond (#SGB) from #NSDL to #CDSL is a cumbersome process.
A Thread:
A Thread:
The client need to submit duly filled Rematerialisation Request Form for Government Securities’(RRF-GS) along with a ‘Request Letter for Inter SGL Transfer for Rematerialisation to your #NSDL DP where the govt Bonds are held. 
Simultaneously,client are also requested to submit DEMAT req to the respective DP under #CDSL. Based on the REMAT req received,ur DP will generate remat req in NSDL depository system&will provide details of remat req generated to NSDL via email at ipay@nsdl.co.in.
In the similar way, your DP will also generate demat request for the same security in the CDSL depository system and intimate CDSL accordingly.
Based on the remat request received by NSDL from your NSDL DP, NSDL will initiate transfer request on RBI’s EKuber system to transfer the units of Sovereign Gold Bonds from Constituent Subsidiary General Ledger (CSGL) account of NSDL to CSGL account of CDSL.
CDSL will confirm the transfer request initiated by NSDL on RBI’s EKuber system based on the demat request received by CDSL from its DP.
After receipt of debit confirmation in CSGL account of #NSDL, #NSDL will confirm the rematerialisation request generated by your #NSDL DP to debit the units of Sovereign Gold Bonds from your demat account maintained with #NSDL.
Simultaneously,based on the credit confirmation received by #CDSL in its CSGL account, #CDSL will confirm the demat request generated by its respective DP in its depository system to credit the equivalent units of #SovereignGoldBonds in your demat account maintained with #CDSL.
The #IDT of #SGBs will be completed within same day provided both the depositories shall receive the demat/remat requests from its respective DPs.
Pls unroll @threadreaderapp
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