Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series V due on August 17, 2026
In terms of GOI notification F.No. 4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series V - Issue date August 17, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be on August 17,…
The Government of India's notification F.No. 4(5)-B(W&M)/2021, dated May 12, 2021, concerning the Sovereign Gold Bond Scheme, specifies that premature redemption of Gold Bonds may occur after the fifth year from the issue date. This issue date for the 2021-22 Series V SGB is August 17, 2021. Consequently, the due date for premature redemption of this tranche is set for August 17, 2026.
The redemption price for SGB is determined based on the simple average of the closing price of 999-purity gold for the three preceding business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). Thus, the redemption price for premature redemption on August 17, 2026, is calculated to be ₹15,295/- per unit of SGB.
This figure is derived from the simple average of gold prices on August 12, August 13, and August 14, 2026.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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