{
  "id": 17060512,
  "title": "Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2019-20 Series VI due on October 30, 2026",
  "url": "https://urgent.news/2026/10/29/premature-redemption-under-sovereign-gold-bond-sgb-scheme-redemption",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T12:42:51.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63884"
  },
  "original_language": "en",
  "account": "The Sovereign Gold Bond (SGB) 2019-20 Series VI, which is set to be redeemed on October 30, 2026, allows for premature redemption after five years from the date of issue, according to the Government of India's notification dated September 30, 2019. The next due date for premature redemption of this tranche is October 30, 2026. The redemption price for SGB is determined by the simple average of the closing price of gold with 999 purity from the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). Based on this calculation, the redemption price for the SGB 2019-20 Series VI due on October 30, 2026, is expected to be ₹14,213 per unit, reflecting the average closing price of gold for October 27, October 28, and October 29, 2026. Ajit Prasad, Deputy General Manager (Communications), provided this information in a press release dated 2026-2027/1406.",
  "summary": "In terms of GOI notification F.No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series VI - Issue date October 30, 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…",
  "key_points": [],
  "editors_take": null,
  "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."
}