{
  "id": 16744758,
  "title": "Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series I due on October 28, 2026",
  "url": "https://urgent.news/2026/10/27/premature-redemption-under-sovereign-gold-bond-sgb-scheme-redemption",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T12:47:35.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63872"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [
    "SGB 2020-21 Series I issued on April 28, 2020",
    "Premature redemption scheduled for October 28, 2026",
    "Redemption price fixed at ₹14,159 per unit"
  ],
  "editors_take": "The fixed redemption price for this specific tranche provides investors with a predictable exit value based on the average market closing prices of gold during the preceding three business days.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Current price of oil as of October 27, 2026",
        "url": "https://urgent.news/2026/10/27/current-price-of-oil-as-of-october-27-2026",
        "published": "2026-10-27T12:15:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}