In phrases of GOI Notification F.No.4(8) – W&M/2017 dated April 20, 2017 (SGB 2017-18 Series I – Issue date May 12, 2017) on Sovereign Gold Bond Scheme, untimely redemption of Gold Bond could also be permitted after fifth 12 months from the date of difficulty of such Gold Bond on the date on which curiosity is payable. Accordingly, the second due date of untimely redemption of the above tranche shall be November 11, 2022 (November 12, 2022 being a second Saturday). 2. Further, the redemption value of SGB shall be based mostly on easy common of closing value of gold of 999 purity, of the week (Monday-Friday), previous the date of redemption, as revealed by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption value for untimely redemption due on November 11, 2022 (November 12, 2022 being a second Saturday) shall be ₹5053/- (Rupees Five thousand fifty-three solely) per unit of SGB based mostly on the easy common of closing gold value for the week October 31-November 04, 2022. Rupambara Press Release: 2022-2023/1163 |