Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2019-20 Series IV due on September 17, 2026
In terms of GoI notification F.No. 4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series IV - Issue date September 17, 2019) 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) 2019-20 Series IV, which was issued on September 17, 2019, allows for premature redemption after five years from the issue date, coinciding with the date interest is payable. Therefore, the earliest opportunity for premature redemption of this tranche will be on September 17, 2026. The redemption price for the 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 reported by the India Bullion and Jewellers Association Ltd (IBJA).
Consequently, the redemption price for the premature redemption scheduled on September 17, 2026, is set at ₹15,173 per unit of SGB, based on the average closing price of gold for September 16, September 15, and September 11, 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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