The Reserve Bank of India (RBI) on October 14, 2024, issued the notification regarding the Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on March 17, 2025.
The following has been stated namely: -
• 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.
• The due date of premature redemption of the above tranche shall be March 17, 2025.
• The redemption price for premature redemption due on March 17, 2025, shall be ₹8,634/- per unit of SGB based on the simple average of closing gold price for the three business days i.e., March 11, March 12, and March 13, 2025.
[Press Release: 2024-2025/2377]
