MUMBAI, India, Sept. 7 -- Reserve Bank of India issued the following press release:
In terms of GoI notification F.No. 4(4)-B(W&M)/2020 dated April 13, 2020 (https://rbidocs.rbi.org.in/rdocs/content/pdfs/SGB13042020.pdf) (SGB 2020-21 Series VI - Issue date September 08, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on September 08, 2026.
2. Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity of previous three business days from the date of redemption, as publi...