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Final Redemption Under Sovereign Gold Bond Scheme Announced
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Reserve Bank of Indiabankingcorporate

Final Redemption Under Sovereign Gold Bond Scheme Announced

May 17, 2026

The RBI has confirmed the final redemption date and price for the Sovereign Gold Bond 2018-19 Series-I due on May 4, 2026, as per government notification.

Final Redemption Under Sovereign Gold Bond Scheme

The Reserve Bank of India has announced the final redemption details for the Sovereign Gold Bond (SGB) 2018-19 Series-I, which is due on May 4, 2026, according to the government notification dated April 13, 2018. The bond will be repayable after eight years from the issue date.

As part of the redemption process, the price will be calculated based on the simple average of the closing price of gold (999 purity) over the three business days preceding the redemption date. This mechanism ensures that bondholders receive a fair market return upon maturity.

Lawyers and financial advisors should remain attentive to the developments surrounding SGBs, particularly for clients holding these bonds, to adequately prepare for the redemption process and advise on potential reinvestment strategies.

Citations

  • SGB Notification (2018) F.No.4(8)-W&M/2018
Practice Areas:bankingcorporate

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