SGB Redemption Today: RBI Announce Premature Redemption Price Of These 2 Sovereign Gold Bonds

The redemption price for both these bonds is Rs 7,195 based on the simple average of the closing gold price (999 purity) on the previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA).To prematurely withdraw an SGB, one must submit a request to the RO (regional office) or depository at least 10 days before the interest payment falls due. “The request shall be scrutinized to verify the correctness of the particulars and may be submitted to RBI through the E-Kuber Portal at least four days before the due date of interest,” RBI release said.For investments done outside of a demat account, premature exit can be processed through the bank, SHCIL, post office or agent if investors apply a maximum of 30 days and a minimum of one day before the scheduled premature redemption date.

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