Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on April 15, 2025 (Series V of SGB 2019-20) - RBI - Reserve Bank of India
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on April 15, 2025 (Series V of SGB 2019-20)
In terms of GOI Notification F.No.4 (7) – B (W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series V-Issue date October 15, 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 April 15, 2025. 2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on April 15, 2025, shall be ₹ 9069/- (Rupees Nine Thousand and Sixty-Nine only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., April 08, April 09, and April 11, 2025. Ajit Prasad Press Release: 2025-2026/95 |