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In terms of GOI Notification F.No.4(4)-B (W&M)/2020 dated April 13, 2020, (SGB 2020-21 Series II – Issue date May 19, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be May 19, 2025. 2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on May 19, 2025, shall be ₹9,284/- (Rupees Nine Thousand Two Hundred and Eighty-Four only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., May 14, May 15, and May 16, 2025. Ajit Prasad Press Release: 2025-2026/357 |
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