Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series VII due on October 19, 2026 (October 20, 2026, being a holiday)
In terms of GOI notification F.No. 4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series VII - Issue date October 20, 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 due date of premature redemption of the above tranche shall be on…
The Indian government has notified that the premature redemption of Sovereign Gold Bonds (SGB) can occur after the gold bond's fifth year from the date of issue. The due date for the premature redemption of the SGB 2020-21 Series VII is October 19, 2026, although October 20, 2026 is a public holiday. The redemption price for these bonds is determined by taking the simple average of the closing price of gold with a 999 purity standard from the previous three business days.
For the premature redemption on October 19, 2026, the redemption price is set at ₹14,614 per unit of SGB. This price is based on the average closing price of gold for the three business days preceding the redemption date, which were October 14, 15, and 16, 2026. Ajit Prasad, Deputy General Manager for Communications, released this press release, dated February 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.
