The Reserve Bank of India (RBI) on July 19, 2024, issued the notification regarding the Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on July 26, 2024.
The following has been stated namely: -
• 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.
• The next due date of premature redemption of the above tranche shall be July 26, 2024 (July 27 and 28 being non-working Saturday and Sunday respectively).
• The redemption price for premature redemption due shall be ₹7337/- per unit of SGB based on the simple average of closing gold price for the week i.e. July 15 – July 19, 2024.
[Press Release: 2024-2025/741]
