In phrases of GOI Notification F.No.4(25) – W&M/2017 dated October 06, 2017 (SGB 2017-18 Series V – Issue date October 30, 2017) 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 primary due date of untimely redemption of the above tranche shall be October 29, 2022 (October 30, 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 printed by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption value for untimely redemption due on October 29, 2022 (October 30, 2022 being a Sunday) shall be ₹5058/- (Rupees Five thousand fifty-eight solely) per unit of SGB primarily based on the straightforward common of closing gold value for 3 business days i.e., October 25, 27 and 28, 2022. Rupambara Press Release: 2022-2023/1107 |