India, Jan. 22 -- In accordance with Government of India notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018, relating to the Sovereign Gold Bond (SGB) 2018-19 Series-V issued on January 22, 2019, premature redemption of the bonds is permitted after completion of five years from the date of issue, on an interest payment date. Accordingly, the next eligible date for premature redemption of this tranche falls on January 22, 2026.
As per the scheme guidelines, the redemption price is determined based on the simple average of the closing price of gold of 999 purity for the previous three business days, as published by the India Bullion and Jewellers Association Ltd. (IBJA). Based on the average closing prices for January 19, January 20 ...