Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series XII due on September 09, 2026
In terms of GoI notification F.No. 4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series XII - Issue date March 09, 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 next due date of premature redemption of the above tranche shall be on…
The Sovereign Gold Bond (SGB) Scheme, governed by the Government of India notification dated October 9, 2020, allows for the premature redemption of gold bonds after five years from the date of issue, which is March 9, 2021 for Series XII. As a result, the next instance of premature redemption for this tranche will be on September 9, 2026.
The redemption price, however, is determined based on a simple average of the closing gold prices of 999 purity from the previous three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd. Therefore, the redemption price for the SGB due on September 9, 2026 is fixed at ₹15,355 per unit, calculated from the closing gold prices of September 4, 7, and 8, 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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