New Delhi, Sept. 9 -- The Reserve Bank of India (RBI) has fixed the premature redemption price of Sovereign Gold Bond (SGB) 2020-21 Series XII at Rs.15,355 per unit for September 9, 2026. The tranche was originally issued on March 9, 2021, and investors become eligible for premature redemption after five years, subject to the scheme's redemption conditions.

The RBI's September 8 press release said the redemption price is based on the simple average of the closing price of 999-purity gold for the three business days preceding the redemption date. For this redemption window, the relevant dates were September 4, September 7 and September 8, 2026.

The SGB 2020-21 Series XII was issued at Rs.4,662 per gram for offline applications, while inv...