In terms of Government of India Notification F.No.4(19)-W&M/2014 dated March 04,
2016 and RBI circular IDMD.CDD.No.2020/14.04.050/2015-16 dated March 04, 2016,
the redemption price of Sovereign Gold Bond (SGB) is based on the simple average
closing gold price of 999 purity [published by the India Bullion and Jewellers Association
Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption.
- The Bonds shall be repayable on the expiration of eight years from March 29, 2016, the date of issue of Gold bonds.
- Further, Pre-mature redemptions of the Bond will be permitted from fifth year of the date of issue
- Generally, the redeem price shall be fixed in Indian Rupees on the basis of the previous week’s (Monday – Friday) simple average closing price for gold of 999 purity, published by IBJA.
Accordingly, the redemption price for the early redemption due on March 29, 2021
shall be ₹4491/- per unit of SGB and payable on March 26, 2021 (March 27, 28 and 29
being Saturday, Sunday and Holiday respectively).
Subscribers are advised to contact their respective Vendor for early redeem of SGB either fully or partially.