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RBI permits premature redemption of Sovereign Gold Bond Scheme (Series I of SGB 2015)


In terms of GOI Notification F.No. 4(19)-W&M/2014 dated 30 October 2015, and RBI circular IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 (SGB 2015, Series I - Issue date 30 November 2015) of Sovereign Gold Bond (SGB) Scheme, premature redemption of Gold Bond may be permitted after the 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 30 November 2021. Further, the redemption price of SGB shall be 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 due on 30 November 2021, shall be ₹4808/- (Rupees Four thousand Eight hundred eight only) per unit of SGB based on the simple average of closing gold price for the week of 22-26 November 2021.


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