Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series I due on October 28, 2026
In terms of GOI notification F.No. 4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series I - Issue date April 28, 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 Sovereign Gold Bond (SGB) 2020-21 Series I, issued on April 28, 2020, allows for premature redemption after the fifth year from the issuance date, based on the interest payable date. Consequently, the next scheduled premature redemption for this tranche is set for October 28, 2026. The redemption price for SGB is determined by the simple average of the closing price of 999-purity gold for the preceding three business days following the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).
Therefore, the redemption price for the SGB 2020-21 Series I due on October 28, 2026, is fixed at ₹14,159 per unit, calculated from the simple average of the closing prices of gold on October 23, October 26, and October 27, 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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