Indian Economysovereign-gold-bond
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series VII due on October 19, 2026 (October 20, 2026, being a holiday)
RBI fixed the premature-redemption price of the 2020-21 Series VII Sovereign Gold Bond at ₹14,614 per unit for October 19, 2026, using the simple average of closing prices of 999-purity gold over the preceding three business days.
Source published PrelimsAI reviewed/published
Read the original report from Reserve Bank of India — Press Releases (opens in a new tab)Prelims pointers
- SGB 2020-21 Series VII was issued on October 20, 2020 under Government of India notification F.No. 4(4)-B(W&M)/2020.
- Premature redemption may be permitted after the fifth year from the issue date, on a date when interest is payable.
- The tranche’s premature-redemption date was October 19, 2026 because October 20, 2026 was a holiday.
- The redemption price was fixed at ₹14,614 per unit of the Sovereign Gold Bond.
- The price used the simple average of IBJA-published closing prices of 999-purity gold for October 14, 15 and 16, 2026.