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In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-VIII-Issue date November 18, 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 next due date of premature redemption of the above tranche shall be on May 18, 2026. 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 May 18, 2026, shall be ₹16,012/- (Rupees Sixteen Thousand and Twelve Only) per unit of SGB based on the simple average of closing price of gold for the three business days i.e., May 13, May 14, and May 15, 2026. Ajit Prasad Press Release: 2026-2027/270 |
