Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2019-20 Series V due on October 15, 2026
In terms of GOI notification F.No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series V - Issue date October 15, 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 V, issued on October 15, 2019, allows for premature redemption after five years from the date of issue, coinciding with the date interest is payable. Consequently, the next opportunity for premature redemption of this tranche is on October 15, 2026. The redemption price for SGBs is determined by calculating the simple average of the closing price of 999-purity gold for the three preceding business days from the redemption date, as reported by the India Bullion and Jewellers Association Ltd (IBJA).
Therefore, the redemption price on October 15, 2026, is calculated to be ₹14,725 per unit of SGB, based on the average of the gold closing prices on October 12, October 13, and October 14, 2026. Deputy General Manager (Communications) Ajit Prasad announced this in Press Release 2026-2027/1329.
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