Economy
SGB 2020-21 Series VII Investors Get ₹14,614 Premature Redemption Price
The premature redemption price for SGB 2020-21 Series VII is fixed at ₹14,614 per unit.
What happened
Premature redemption for Sovereign Gold Bond 2020-21 Series VII will be due on October 19, 2026, because October 20 is a holiday. The redemption price is ₹14,614 per unit. It is based on the simple average of 999-purity gold’s closing prices on October 14, 15 and 16, as published by IBJA.
Why it matters
Eligible investors have a fixed cash redemption value of ₹14,614 per bond unit when the tranche reaches its fifth year and interest-payment date.
Source: RBI