News
Premature Redemption Price Announced for Sovereign Gold Bond 2019-20 Series IV
The Reserve Bank of India announced the premature redemption price of ₹15,173 per unit for Sovereign Gold Bond 2019-20 Series IV.
- Reviewed by
- Shravya Mishra
- Published
This brief was drafted with the help of an AI system from the official source listed below, then checked against that source and approved by Shravya Mishra before publication. How we work.
What happened
The Reserve Bank of India has announced the premature redemption price for the Sovereign Gold Bond (SGB) 2019-20 Series IV. The issue date of this series was September 17, 2019. Under the rules of the Sovereign Gold Bond Scheme, premature redemption is allowed after the fifth year on an interest payment date. The next due date for this premature redemption is September 17, 2026. The redemption price is set at "₹15,173/-" per unit. This price is calculated using the simple average of the closing price of 999 purity gold from the previous three business days, as published by the India Bullion and Jewellers Association Ltd (IBJA). The three business days used for this calculation are September 16, September 15, and September 11, 2026.
What it means for you
If you hold units of the Sovereign Gold Bond 2019-20 Series IV, you are eligible for premature redemption on the upcoming due date of September 17, 2026. Each unit you hold will be redeemed at the fixed price of ₹15,173. The announcement does not state the exact credit timeline or process, so you will need to check with your holding bank or institution regarding how the funds will reach your account.
What to do
If you hold units of this specific SGB series and wish to exit early, contact your holding bank, post office, or digital platform through their official apps or customer service to understand their specific application process and deadlines for the September 17, 2026 redemption date. If you do not wish to redeem your bonds early, you can choose to hold them until the final maturity date.
Common questions
What is the premature redemption price for SGB 2019-20 Series IV?
The redemption price is ₹15,173 per unit.
When is the next due date for premature redemption of this series?
The next due date is September 17, 2026.
Sources
This is general information for education, not investment, tax or legal advice. Rules and rates change; check the official source before acting. Read the full disclaimer.
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