Global News Post Fastest Global News Portal
Related Articles
New Delhi: The Premature redemption of Series I of SGB 2020-21 is due these days (April 28, 2025), the Reserve Bank of India has stated.
The Premature redemption value of SGB can be according to the straightforward moderate of ultimate gold value of 999 purity of earlier 3 industry days from the date of redemption, as printed via the India Bullion and Jewellers Association Ltd (IBJA).
“In terms of GOI Notification F. No. 4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series I – Issue date April 28, 2020) on Sovereign Gold Bond Scheme, 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 April 28, 2025,” stated RBI.
Sovereign Gold Bond Scheme: How Much Money Will You Get?
Further, the redemption value of SGB can be according to the straightforward moderate of ultimate gold value of 999 purity of earlier 3 industry days from the date of redemption, as printed via the India Bullion and Jewellers Association Ltd (IBJA).
Accordingly, the redemption value for untimely redemption due on April 28, 2025, can be Rs 9,600 (Rupees Nine Thousand Six Hundred handiest) in keeping with unit of SGB according to the straightforward moderate of ultimate gold value for the 3 industry days i.e., April 23, April 24, and April 25, 2025.
What is Sovereign Gold Bond Scheme?
Sovereign Gold Bond Scheme are executive securities denominated in grams of gold. They are substitutes for containing bodily gold. Investors need to pay the problem value in money and the bonds can be redeemed in money on adulthood. The Bond is issued via Reserve Bank on behalf of Government of India.
How Is Sovereign Gold Bond Scheme being bought?
The bonds can be bought via scheduled business banks (aside from Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated put up places of work, and recognised inventory exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
Who should buy Sovereign Gold Bond Scheme?
The Bonds can be limited on the market to resident folks, HUFs, Trusts, Universities and Charitable Institutions.
