In phrases of GOI Notification F.No. 4(19)-W&M/2014 dated March 04, 2016 (SGB 2016 Series II – Issue date March 29, 2016) and GOI Notification F.No. 4(7)-W&M/2016 dated August 29, 2016 (SGB 2016-17 Series II – Issue date September 30, 2016) on Sovereign Gold Bond Scheme, untimely redemption of Gold Bond could also be permitted after fifth yr from the date of concern of such Gold Bond on the date on which curiosity is payable. Accordingly, the due date of the fourth and third untimely redemption of the above tranches shall be on September 29, 2022 and September 30, 2022 respectively.
2. Further, the redemption worth of SGB shall be primarily based on the easy common of closing gold worth of 999 purity of the week (Monday-Friday) previous the date of redemption as printed by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption worth for the untimely redemptions due on September 29 and 30, 2022 shall be Rs.4952/- (Rupees Four Thousand 9 hundred and fifty-two solely) per unit of SGB primarily based on the easy common of closing gold worth for the week September 19-23, 2022.
Press Release: 2022-2023/927