Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series VI due on September 07, 2026
In terms of GOI notification F.No. 4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series VI - Issue date September 07, 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…
The Sovereign Gold Bond Scheme (SGB) 2021-22 Series VI, issued on September 07, 2021, allows for premature redemption after the fifth year from the date of issue, on the date interest is payable. In this case, the due date for premature redemption of the corresponding tranche is set for September 07, 2026. The redemption price of an SGB is determined by calculating the simple average of the closing price of 999-purity gold for the previous three business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).
Therefore, the redemption price for the premature redemption of the SGB 2021-22 Series VI due on September 07, 2026, is expected to be ₹15,334/- per unit, based on the simple average of the closing prices of gold for the three business days - September 02, September 03, and September 04, 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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