Press release regarding premature redemption of Sovereign Gold Bond Scheme (SGB) – Redemption Price for premature redemption due on February 08, 2022-SGB 2016 (I) (dated – 08.02.2022) – RBI.
View PdfPress release regarding premature redemption of Sovereign Gold Bond Scheme (SGB) – Redemption Price for premature redemption due on February 08, 2022-SGB 2016 (I) (dated – 08.02.2022) – RBI.
- In terms of GOI notification F.No. 4(19)-W&M/2014 dated January 14, 2016 (Tranche No 2 i.e. SGB 2016 (I), on Sovereign Gold Bond (SGB), premature redemption may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Therefore, the forthcoming due date of premature redemption of the above tranche shall be February 08, 2022. Further, the redemption price of 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.
- Accordingly, the redemption price for the premature redemption falling due on February 08, 2022 shall be ₹4813/- (Rupees Four thousand Eight hundred and thirteen only) per unit of SGB based on the simple average of closing gold price for the week January 31- February 04, 2022, refer attachment for further details.
