EXTRACTED TEXT
Source record
In terms of GOI notification F.No. 4(7)-B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series VI - Issue date October 30, 2019) 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 on October 30, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on October 30, 2026, shall be ₹14,213/- (Rupees Fourteen Thousand Two Hundred and Thirteen Only) per unit of SGB based on the simple average of closing price of gold for the three business days i.e., October 27, October 28, and October 29, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1406