Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series VI due on March 07, 2026 (March 08 being holiday) and SGB 2020-21 Series XII due on March 09, 2026
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In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-VI-Issue date September 08, 2020) and in terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XII-Issue date March 09, 2021) 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 tranches shall be on March 07, 2026 (March 08 being holiday) and March 09, 2026 respectively. 2. Further, the redemption price of SGB shall be based on simple average of closing price of gold 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 March 07, 2026 (March 08 being holiday) and March 09, 2026, shall be ₹16,063/- (Rupees Sixteen Thousand SixtyThree only) per unit of SGB based on the simple average of closing price of gold for the three business days i.e., March 04, March 05, and March 06, 2026. Ajit Prasad Press Release: 2025-2026/2229 |
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