The Reserve Bank of India (RBI) has announced the redemption price for the premature encashment of Sovereign Gold Bond (SGB) 2017-18 Series IX, which falls due on May 27, 2025.
As per the Government of India notification F. No. 4(25)-W&M/2017 dated October 6, 2017, premature redemption of these bonds is permitted after the fifth year from the date of issue, on interest payment dates. The bonds in this tranche were originally issued on November 27, 2017.
The redemption price has been fixed at ?9,560 per unit, based on the simple average of the closing prices of gold (999 purity) published by the India Bullion and Jewellers Association Ltd. (IBJA) for the preceding three business days—May 22, 23, and 26, 2025.
Investors opting for premature redemption on the specified date will receive this amount per unit of their holdings.