Document title: Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series-IX due on July 04, 2026 (July 05 being holiday)
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/606
Date: July 03, 2026
Capital Markets and Flows
The Reserve Bank of India announced that the premature redemption price for the Sovereign Gold Bond (SGB) 2020‑21 Series‑IX will be ₹14,366 per unit. The 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, specifically July 01, July 02, and July 03, 2026. This redemption is scheduled for July 04, 2026, with July 05 observed as a holiday.
Regulatory and Policy Measures
According to Government of India notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020, premature redemption of sovereign gold bonds is permissible after the fifth year from the issue date, on the date on which interest is payable. The SGB 2020‑21 Series‑IX was issued on January 05, 2021, making July 04, 2026 the first eligible date for premature redemption under the stipulated conditions.
The press release, signed by Deputy General Manager Ajit Prasad of the RBI Communications Department, confirms the above details and provides the official redemption price for investors seeking early exit from the bond.
In conclusion, the RBI has clarified the redemption mechanism, price calculation methodology, and eligibility timeline for the SGB 2020‑21 Series‑IX, ensuring transparency for bondholders.