The Reserve Bank of India (RBI) on December 29, 2023, issued the Premature redemption under the Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on January 01, 2024 (SGB 2018-19 Series IV and SGB 2017-18 Series XIV).
The following has been stated namely: -
• Sovereign Gold Bond 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. Accordingly, the next due date of premature redemption of the two tranches shall be January 01, 2024.
• The redemption price for premature redemption due on January 01, 2024, shall be ₹6,331/- per unit of SGB based on the simple average of closing gold price for three business days i.e., December 27-29, 2023.
[Press Release: 2023-2024/1586]
