Reserve Bank of India Announces Premature Redemption Price for Sovereign Gold Bond 2020-21 Series-VII
The Reserve Bank of India has set the redemption price for premature redemption of Sovereign Gold Bond (SGB) 2020-21 Series-VII at ₹15,254 per unit. This redemption is scheduled for April 20, 2026, which is also an interest payment date. The price is determined by the simple average of the closing prices of 999 purity gold for the three business days prior to the redemption date, as published by India Bullion and Jewellers Association Ltd (IBJA).
Key Facts To Remember
SGB 2020-21 Series-VII premature redemption price set at ₹15,254 per unit
Redemption date is April 20, 2026
Price based on simple average of 999 purity gold closing prices from April 15-17
India Bullion and Jewellers Association Ltd (IBJA) is the benchmark provider
Detailed Analysis
Why it matters
In accordance with the Government of India notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020, premature redemption of Sovereign Gold Bonds (SGBs) is permitted after five years from the issue date, on an interest payment date. For SGB 2020-21 Series-VII, issued on October 20, 2020, the next available date for premature redemption is April 20, 2026.
The redemption price is calculated based on the simple average of the closing prices of gold of 999 purity for the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). For the April 20, 2026 redemption, the price of ₹15,254 per unit is based on the average of gold prices on April 15, April 16, and April 17, 2026.
| Detail | Information |
|---|---|
| SGB Series | SGB 2020-21 Series-VII |
| Issue Date | October 20, 2020 |
| Premature Redemption Date | April 20, 2026 |
| Redemption Price | ₹15,254 per unit |
| Price Calculation Basis | Simple average of 999 purity gold closing prices on April 15, 16, 17, 2026 |
| Price Benchmark Provider | India Bullion and Jewellers Association Ltd (IBJA) |
Sources
PublicationGoogle News RSS
DeskRBI PRESS RELEASES
Published18 Apr 2026, 24:40 IST / 17 Apr 2026, 19:10 UTC
Date Page18 Apr 2026