Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2019-20 Series X due on September 11, 2026
In terms of GoI notification F.No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series X - Issue date March 11, 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 Government of India has announced that the premature redemption of Sovereign Gold Bonds (SGB) issued under the SGB 2019-20 Series X can occur after the fifth year of the bond's issue. The next opportunity for premature redemption for this particular series will be on September 11, 2026. The redemption price for these bonds will be calculated based on the simple average of the closing price of 999-purity gold from the previous three business days.
For the premature redemption scheduled on September 11, 2026, the redemption price has been determined to be ₹15,328 per unit of SGB. This figure is derived from the average closing price of gold on September 8, September 9, and September 10, 2026, as published by the India Bullion and Jewellers Association Ltd.
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.
This story
This is one outlet's version. Read the fullest account.
