Reserve Bank of India – Press Releases

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In phrases of GOI Notification F.No.4(25) – W&M/2017 dated October 06, 2017 (SGB 2017-18 Series III – Issue date October 16, 2017) on Sovereign Gold Bond Scheme, untimely redemption of Gold Bond could also be permitted after fifth 12 months from the date of challenge of such Gold Bond on the date on which curiosity is payable. Accordingly, the primary due date of untimely redemption of the above tranche shall be October 15, 2022 (October 16, 2022 being a Sunday).

2. Further, the redemption value of SGB shall be primarily based on the straightforward common of closing gold value of 999 purity of earlier three business days from the date of redemption as revealed by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption value for untimely redemption due on October 15, 2022 shall be Rs.5069/- (Rupees Five Thousand Sixty-nine solely) per unit of SGB primarily based on the straightforward common of closing gold value for earlier three business days, i.e., October 12 – 14, 2022.

Rupambara           
Director (Communications)

Press Release: 2022-2023/1047



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