In phrases of GOI Notification F.No.4(16) – W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV – Issue date March 17, 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 September 17, 2022. 2. Further, the redemption worth of SGB shall be based mostly on the easy common of closing gold worth of 999 purity of the week (Monday-Friday) previous the date of redemption as printed by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption worth for untimely redemption due on September 17, 2022 shall be Rs.5077/- (Rupees Five Thousand Seventy-seven solely) per unit of SGB based mostly on the easy common of closing gold worth for the week September 05-09, 2022. Rupambara Press Release: 2022-2023/857 |