Premature Redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for SGB 2020‑21 Series‑IV
Issuing Authority: Reserve Bank of India (RBI)
Reference: Press Release 2026‑2027/661
Date: 13 July 2026
Capital Markets and Flows
The Reserve Bank of India announces that the premature redemption price for the Sovereign Gold Bond (SGB) 2020‑21 Series‑IV, eligible for redemption on 14 July 2026, is set at ₹14,307 per unit. The price is derived from the simple average of the closing prices of 999‑purity gold for the three business days preceding the redemption date, specifically 9 July, 10 July and 13 July 2026, as published by the India Bullion and Jewellers Association Ltd (IBJA).
Regulatory and Policy Measures
In accordance with Government of India notification F.No.4(4)-B(W&M)/2020 dated 13 April 2020, premature redemption of SGBs is permitted after the fifth year from the issue date on the interest payment date. The current tranche, issued on 14 July 2020, meets this condition, making 14 July 2026 the first eligible date for early redemption. The RBI’s communication reaffirms the application of the stipulated pricing methodology and the procedural framework for bond holders wishing to redeem their units.
The announcement provides bond holders with a clear redemption price and confirms the RBI’s adherence to the statutory guidelines governing the Sovereign Gold Bond scheme.