The Reserve Bank of India (RBI) has announced the premature redemption of the Sovereign Gold Bond (SGB) Scheme, scheduled for April 28, 2025. Investors who subscribed to the 2016-17 Series IV issued in April 2017 now have an early exit opportunity.
The redemption price has been set at ₹9,600 per unit, calculated based on the average closing price of gold (999 purity) over the previous three working days before the redemption date. This move aligns with the SGB terms, which allow investors to opt for an early exit after the 5th year of holding, even though the total maturity period is 8 years.
For investors, this provides a golden opportunity to cash out at favorable prices without waiting for the full tenure to end. The Sovereign Gold Bond Scheme continues to remain a strong investment choice, offering the dual benefits of gold price appreciation and fixed interest income.
Stay updated and evaluate if this early redemption aligns with your personal finance goals!