Govt. announces the pre-mature redemption price for SGB Scheme
- Blog|News|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 24 February, 2026
Latest from Taxmann
RBI – Press Release: 2021-2022/1871, Dated:16.03.2022
The Government of India (GOI) had issued Sovereign Gold Bond Scheme (SGB) in terms of GOI Notification F. No. 4(16)-W&M/2016 dated February 23, 2017. Accordingly, the first due date of premature redemption of the tranche shall be March 17, 2022. Therefore, the redemption price for the same shall be ?5313/- (Rupees Five Thousand Three Hundred Thirteen only) per unit of SGB based on the simple average of closing gold price for the week March 07-11, 2022.
Further, the redemption price of SGB shall be based on the simple average closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption, said RBI.
Click Here to Read the Full Notification
Check out Taxmann's Gold & Taxation | The one of a kind book on Gold & Taxes, is the first book in this domain, written in simple & lucid language along-with plenty of examples, case studies & tables.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
