Press Releases

PDF document (267 kb)
Date : Nov 04, 2022
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on November 05, 2022 (November 06, 2022 being a Sunday) (SGB 2017-18 Series VI)

In terms of GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 2017) 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 first due date of premature redemption of the above tranche shall be November 05, 2022 (November 06, 2022 being a Sunday).

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 05, 2022 (November 06, 2022 being a Sunday) shall be ₹5049/- (Rupees Five thousand forty-nine only) per unit of SGB based on the simple average of closing gold price for three business days i.e., November 02, 03 and 04, 2022.

Rupambara           
Director (Communications)

Press Release: 2022-2023/1154


2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Archives
Top