RBI Notifies in Regard to the Redemption Price for Premature Redemption due on 08th February 2023 

On 03rd February 2023, the Reserve Bank of India (RBI) issued a Press Release in regard to the “Premature redemption under Sovereign Gold Bond (SGB) Scheme- Redemption Price for premature redemption due on February 08, 2023 (SGB 2016-I).”

The particular Press Release was issued in reference to the GOI Notification F.No.4(19) – W&M/2014 issued on 14th January 2016 (SGB 2016-I issued on 08th February 2016) 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. In accordance with that, the fifth due date of premature redemption of the above tranche is to be 08th February 2023.