Document title: Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption of SGB 2020‑21 Series X and SGB 2021‑22 Series IV
Issuing authority: Reserve Bank of India
Reference: Press Release 2026‑2027/706
Date: 17 July 2026
Regulatory and Policy Measures
The RBI, in accordance with Government of India notifications F.No.4(4)-B(W&M)/2020 dated 9 October 2020 (pertaining to SGB 2020‑21 Series‑X issued on 19 January 2021) and F.No.4(5)-B(W&M)/2021 dated 12 May 2021 (pertaining to SGB 2021‑22 Series‑IV issued on 20 July 2021), confirms that premature redemption of sovereign gold bonds is permissible after the fifth year from the issue date, on the date on which interest is payable.
Consequently, the due dates for premature redemption of the two tranches are set as follows: SGB 2020‑21 Series‑X on 18 July 2026 (with 19 July being a holiday) and SGB 2021‑22 Series‑IV on 20 July 2026.
The redemption price for both tranches is fixed at ₹14,158 per unit. This price is derived from the simple average of the closing prices of 999‑purity gold published by the India Bullion and Jewellers Association Ltd (IBJA) for the three business days preceding the redemption date, namely 15 July, 16 July and 17 July 2026.
The press release is signed by Deputy General Manager (Communications) Ajit Prasad.
The RBI’s announcement provides bondholders with a clear redemption price and schedule, ensuring transparency in the premature redemption process for the specified SGB series.