Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series VI due on September 08, 2026
In terms of GoI notification F.No. 4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series VI - Issue date September 08, 2020) 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 next due date of premature redemption of the above tranche shall be on…
The Sovereign Gold Bond (SGB) 2020-21 Series VI, issued on September 08, 2020, allows for premature redemption after five years from the issue date on the date interest is payable. Therefore, the next opportunity for premature redemption of this tranche will be on September 08, 2026. The redemption price for SGB is determined by calculating the simple average of the closing price of 999-purity gold for the previous three business days preceding the redemption date, as published by the India Bullion and Jewellers Association (IBJA).
Thus, the redemption price for premature redemption of SGB 2020-21 Series VI on September 08, 2026, is set at ₹15,384 per unit, based on the average of the closing prices of gold for September 03, September 04, and September 07, 2026. Ajit Prasad, Deputy General Manager of Communications, provided this information in the press release dated 2026-2027/1060.
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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