Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption due on June 11, 2024 (Series XI of SGB 2017-18) and (Series I of 2019-20)

As per GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017, and F.No.4(7) – B(W&M)/2019 dated May 30, 2019, premature redemption of Sovereign Gold Bonds (SGB) may occur after the fifth year from the issue date, on the interest payment date. The next premature redemption for the mentioned tranches is scheduled for June 11, 2024. \r

The redemption price will be determined based on the simple average of the closing gold price of 999 purity over the previous three business days from the redemption date, published by the India Bullion and Jewellers Association Ltd (IBJA). For June 11, 2024, the redemption price is ₹7195/- per unit of SGB.