Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of 2020-21 Series-VII due on October 20, 2025
In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-VII-Issue date October 20, 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 due date of premature redemption of the above tranche shall be on October 20, 2025. 2. Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity of previous three working 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 October 20, 2025, shall be ₹12,792/- (Rupees Twelve Thousand Seven Hundred and Ninety Two only) per unit of SGB based on the simple average of closing price of gold for the three working days i.e., October 15, 2025, October 16, 2025, and October 17, 2025. Ajit Prasad Press Release: 2025-2026/1342 |