The Reserve Bank of India (RBI) in its latest press release announced redemption price for the Sovereign Gold Bond 2018-19-Series-V Premature Redemption.
In Sovereign Gold Bond (SGB) Schemes, 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 22-Jan-25.
Redemption price for the Sovereign Gold Bond 2018-19-Series-V Premature Redemption due on 22-Jan-25 shall be ₹ 7,935/- (Seven thousand nine hundred thirty-five Indian rupees). The issue price for the same was ₹ 3,214/- (Three thousand two hundred fourteen Indian rupees) issued on 22-Jan-19.
The annualised return (IRR) is estimated to be at 16.2%
*IRR is excluding interest payout. We welcome your valuable queries on this.
View latest issue of Sovereign Gold Bonds here
FAQ: How SGB redemption price is calculated?
A: Pedemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA).
Accordingly, the redemption price for premature redemption due on January 22, 2025, shall be ₹7,935/- (Seven thousand nine hundred thirty-five Indian rupees) per unit of SGB based on the simple average of closing gold price for the three business days i.e. January 17, January 20, and January 21, 2025
Disclaimer: Above article only publishes details about the product for education purpose and does not solicit or request to invest in any product. Please visit RBI for more details. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
Posts
 of 16.2%){kind=link}
0 Comments