ARTICLE · 17 JULY 2025

AKP Banking & Finance Digest July 14, 2025

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RBI Issues Premature Redemption Date and Price for Sovereign Gold Bonds (SGB) 2020-21 Series IV...

GlobalFinance and Banking

1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI Issues Premature Redemption Date and Price for Sovereign Gold Bonds (SGB) 2020-21 Series IV

The Reserve Bank of India ("RBI") has announced that premature redemption of Sovereign Gold Bonds ("SGB") issued under the 2020-21 Series IV tranche will be permitted from July 14, 2025, marking five years from the date of issue. The redemption price will be calculated based on the simple average of the closing gold prices 999 (nine hundred ninety-nine) purity over 3 (three) business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). For the July 14, 2025, redemption, the price has been fixed at INR 9,688 (Indian Rupees Nine Thousand Six Hundred Eighty-Eight only) per unit.

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