Premature redemption under Sovereign Gold Bond Scheme
Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on May 30, 2022 (Series I of SGB 2015)
In terms of GOI Notification F.No.4(19) – W&M/2014 dated October 30, 2015 (SGB 2015, Series I – Issue date November 30, 2015) 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 30, 2022.
2. Further, the redemption price of SGB shall be based on the simple average closing gold price of 999 purity of the week (Monday-Friday) preceding the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for the fourth premature redemption due on May 30, 2022 shall be Rs. 5119/- (Rupees Five thousand one hundred nineteen only) per unit of SGB based on the simple average of closing gold price for the week May 23-27, 2022.
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