News
Sovereign Gold Bond 2019-20 Series V Premature Redemption Price Announced
The Reserve Bank of India announced a premature redemption price of ₹14,725 per unit for Sovereign Gold Bond 2019-20 Series V due on October 15, 2026.
- 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 V. This series was issued on October 15, 2019. The government permits early redemption after the fifth year on dates when interest is payable. The upcoming premature redemption date is October 15, 2026. The redemption price is set at ₹14,725 per unit of SGB. This price is calculated using the simple average of the closing price of gold of 999 purity for the previous three business days, as published by the India Bullion and Jewellers Association Ltd. The three business days used for this calculation are October 12, October 13, and October 14, 2026.
What it means for you
If you hold units of the Sovereign Gold Bond 2019-20 Series V, you are eligible for premature redemption on October 15, 2026. You will receive ₹14,725 for every unit of the gold bond you choose to redeem early on that date. The announcement does not say anything about holding the bonds until final maturity or selling them through other means. It only provides the specific per-unit rate for this upcoming early redemption date.
What to do
If you hold this specific series of Sovereign Gold Bonds and wish to use the premature redemption option due on October 15, 2026, check your bond certificates or digital holdings to confirm your unit count. Contact your bank, post office, or the designated platform through which you purchased the bonds to understand their specific submission procedures and timelines for the early redemption process. If you do not wish to redeem your bonds early on this date, the announcement does not state that you must do so.
Common questions
What is the redemption price for SGB 2019-20 Series V due on October 15, 2026?
The redemption price is ₹14,725 per unit of SGB.
When is the next due date for premature redemption of this series?
The next due date for premature redemption is October 15, 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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