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In terms of GOI Notifications F. No. 4(25) – W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VII – Issue date November 13, 2017) and F. No. 4(22) –B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series III-Issue date November 13, 2018) 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 tranches shall be November 13, 2024. 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 November 13, 2024, shall be ₹7,637/- (Rupees Seven Thousand Six Hundred and Thirty-Seven only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., November 08, November 11, and November 12, 2024. Ajit Prasad Press Release: 2024-2025/1487 |
