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 VII – Issue date November 13, 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 November 11, 2022 (November 12 and November 13, 2022 being Saturday and Sunday respectively).

2. Further, the redemption worth of SGB shall be based mostly 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 November 11, 2022 (November 12 and November 13, 2022 being Saturday and Sunday respectively) shall be ₹5133/- (Rupees Five thousand 100 thirty-three solely) per unit of SGB based mostly on the easy common of closing gold worth for 3 business days i.e., November 07, 09 and 10, 2022.

Rupambara           
Director (Communications)

Press Release: 2022-2023/1178



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