RBI Press Release May 05, 2023 (View Source Documents)
Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on May 06, 2023 (Series VI of SGB 2017-18)
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 next due date of premature redemption of the above tranche shall be May 06, 2023.
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 the premature redemption due on May 06, 2023 shall be ₹6140/- (Rupees Six thousand one hundred and forty only) per unit of SGB based on the simple average of closing gold price for the last three days, May 03, May 04, May 05, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/188
