BDR Extinguishment Process

Bullion Depository Receipt (BDR) Extinguishment is the process through which electronic ownership of bullion held in demat form is converted into physical bullion.
The process enables participants holding BDRs in their demat account maintained with India International Depository IFSC Limited (IIDI) to obtain delivery of the underlying physical bullion through approved vault infrastructure. BDR extinguishment facilitates transition from electronic ownership to physical possession while maintaining traceability and settlement integrity across the depository ecosystem.