India, Oct. 27 -- The Reserve Bank of India (RBI) has fixed the premature redemption price of Sovereign Gold Bond (SGB) 2020-21 Series I at Rs 14,159 per unit, with redemption due on October 28, 2026.
As per the Government of India notification dated April 13, 2020, premature redemption of Sovereign Gold Bonds is permitted after the completion of five years from the date of issue, on the date on which interest is payable. The SGB 2020-21 Series I tranche was issued on April 28, 2020.
The redemption price has been calculated based on the simple average of the closing prices of 999-purity gold for the three preceding business days — October 23, October 26 and October 27, 2026 — as published by the India Bullion and Jewellers Ass...