Reserve Bank of India – Press Releases

In phrases of GOI Notification F.No.4(25) – W&M/2017 dated October 06, 2017 (SGB 2017-18 Series IV – Issue date October 23, 2017) on Sovereign Gold Bond Scheme, untimely redemption of Gold Bond could also be permitted after fifth 12 months from the date of subject 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 21, 2022 (October 22 and 23, 2022 being Saturday and Sunday respectively).

2. Further, the redemption worth of SGB shall be primarily based on the easy common of closing gold worth of 999 purity of earlier three business days from the date of redemption as printed by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption worth for untimely redemption due on October 21, 2022 (October 22 and 23, 2022 being Saturday and Sunday respectively) shall be ₹5028/- (Rupees Five thousand twenty-eight solely) per unit of SGB primarily based on the easy common of closing gold worth for 3 business days i.e., October 18-20, 2022.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1077