Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series VII due on November 02, 2026
In terms of GOI notification F.No. 4(5)-B(W&M)/2021 dated October 21, 2021 (SGB 2021-22 Series VII - Issue date November 02, 2021) 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 Sovereign Gold Bond (SGB) Scheme, introduced by the Government of India (GOI) through Notification F.No. 4(5)-B(W&M)/2021 dated October 21, 2021, allows for the premature redemption of Gold Bonds after the fifth year from the issue date, provided the bond is Series VII. In this case, the due date for premature redemption of SGB 2021-22 Series VII is set for November 02, 2026.
The redemption price of the SGB is determined by the simple average of the closing price of gold with 999 purity for the three business days preceding the redemption date, as reported by the India Bullion and Jewellers Association Ltd (IBJA). Consequently, the redemption price for the SGB redeemable on November 02, 2026, is fixed at ₹14,167/- (Rupees Fourteen Thousand One Hundred and Sixty-Seven Only) per unit.
This figure is based on the average closing prices of gold on October 28, October 29, and October 30, 2026, as published by IBJA. Ajit Prasad, Deputy General Manager (Communications), issued the press release detailing these provisions under the headline "Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series VII due on November 02, 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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