India, Jan. 16 -- The Reserve Bank of India (RBI) has announced the redemption price for premature redemption of the Sovereign Gold Bond (SGB) 2020-21 Series X, which is due for early redemption on January 19, 2026.
As per the Government of India notification dated October 9, 2020, premature redemption of SGBs is permitted after the completion of five years from the date of issue, on dates when interest is payable. Accordingly, the next eligible date for premature redemption of this tranche—originally issued on January 19, 2021—falls on January 19, 2026.
The RBI said the redemption price has been fixed at Rs 14,130 per unit of SGB. The price is calculated based on the simple average of the closing price of gold of 999 purity f...