Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2017-18 Series VI due on May 06, 2025 - आरबीआय - Reserve Bank of India
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2017-18 Series VI due on May 06, 2025
In terms of GOI Notification F. No.4(25)-W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 2017) 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 May 06, 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 May 06, 2025 shall be ₹9,453/- (Rupees Nine Thousand Four Hundred and Fifty-three only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., April 30, May 02 and May 05, 2025. Ajit Prasad Press Release: 2025-2026/256 |