Key Points
Every financial year, the Reserve Bank of India (RBI) announces the issuance of Sovereign Gold Bond (SGB) tranches for that particular year with issuance dates and redemption date..
Though the tenor is eight years for SGB, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds...
This year, already two Sovereign Gold Bond (SGB) Scheme launched in 2016 have come up for final redemption..
Sovereign Gold Bond 2016-17 Series ISovereign Gold Bond 2016-17 - Series issue price was Rs 3,119, and the bonds were issued on August 5, 2016, therefore the tentative final redemption date is in the first week of August 2024..
How SGB final redemption price is calculatedThe redemption price will be in Indian Rupees based on previous weeks (Monday-Friday) simple average of closing price of gold of 999 purity published by IBJA...
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Sovereign Gold Bonds due for final redemption in 2024; check tentative redemption dates of SGBs & other details
27, Mar, 24India Business News: The Reserve Bank of India (RBI) annually issues Sovereign Gold Bond (SGB) tranches, outlining their issuance and redemption dates. These bonds have an eight-year tenor but allow premature redemption after five years from the date of issue. According to ET, several SGBs from the 2016 series are up for final redemption in 2024. Here are the tentative dates and details:
Premature redemption of Sovereign Gold Bond: This SGB series doubled investors’ money in 5 years
11, May, 23The premature redemption price for Series I of the SGB 2017–18 has been announced by the Reserve Bank of India. The payment is due on May 12, 2023.
Sovereign Gold Bonds: These SGB investors will earn 101% on maturity this month
06, Feb, 24The Reserve Bank of India announced the final day of redemption for the Sovereign Gold Bond (SGB) Scheme SGB 2016-I. The price for the final redemption is computed using the simple average closing gold price from January 29 to February 2, 2024.
RBI announces premature redemption dates for Sovereign Gold Bonds (SGBs). Check details here
01, Sep, 23RBI details premature redemption dates for Sovereign Gold Bonds (SGBs) from October 2023 to March 2024
How to buy Sovereign Gold Bonds online
20, Jun, 23For investors applying online and paying against the application using the digital method, the issue price of the Gold Bonds will be Rs 50 per gram less than the nominal value.
Sovereign Gold Bond Scheme 2023–24 Series IV: What is the allotment date of the latest SGB tranche?
15, Feb, 24The Sovereign Gold Bond Scheme 2023–24 Series IV has an issue price of Rs 6,263. The subscription period is from February 12 to 16, 2024. Investors receive a fixed interest rate of 2.5% per annum. The bond has a tenor of 8 years with an exit option from the 5th year onwards.
Sovereign Gold Bond: SGB premature redemption dates for April 2024 – September 2024 announced, check detai
27, Feb, 24The following lists the tranches that will be subject to early redemption between April 1, 2024, and September 30, 2024, as well as the timeframe during which investors can submit requests for such redemption.
Sovereign Gold Bonds 2023-24 Series-IV tranche: Benefits, features of SGB
14, Feb, 24Sovereign Gold Bonds (SGBs) are available for sale to resident Indian entities including individuals, HUFs, Trusts, Universities, and Charitable institutions. Denominated in units of one gram of gold. Interest rate notified by RBI. Redemption based on average closing price of gold.
Double-digit returns likely on Sovereign Gold Bonds maturing next year; how much will early SGB investors
23, Dec, 23If you look at the historical data, investors of the Sovereign Gold Bond are in for handsome returns, very close to what is being earned from the stock market. There are five tranches of the gold bond that are going to mature in 2024. In terms of XIRR, the second tranche of the Sovereign Gold Bond will offer 13.44% returns at the current gold price. ET Wealth Online calculates how much returns you can expect from the Sovereign Gold Bond and whether you should invest or not.