RBI Sets ₹15,840 Premature Redemption Price for SGB 2021-22 Series I
The RBI has pegged the premature redemption price for the 2021-22 Series I Sovereign Gold Bond at ₹15,840 per unit, effective for the May 25, 2026, interest payment date. Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series In terms of GOI notification F.No.4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series-I-Issue date May 25, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may.
Following the Government of India's May 12, 2021 notification, the SGB 2021-22 Series I reaches its fifth-year milestone, triggering the window for premature redemption. Investors are permitted to exit their holdings on interest payment dates starting after the five-year lock-in period, with May 25, 2026, serving as the official date for this tranche.
The RBI calculates the redemption value using a simple average of the IBJA-published closing prices for 999 purity gold over the three preceding business days (May 20, 21, and 22, 2026). This results in a redemption price of ₹15,840 per unit.
| Metric | Details |
|---|---|
| Redemption Date | May 25, 2026 |
| Redemption Price | ₹15,840 per gram |
| Valuation Basis | 3-day simple average (IBJA) |
| Eligibility | Post-5th year anniversary |
Glossary
Sovereign Gold Bond (SGB): Government securities denominated in grams of gold, acting as a substitute for holding physical gold.
IBJA: India Bullion and Jewellers Association Ltd, whose closing prices are used as the benchmark for SGB valuation.
Rate this Study Update
Help other aspirants by rating the quality & accuracy of this current affair article.
Pulse Forums Discussions
Start a dedicated discussion thread or link this article to an active thread for study conversation.