Premature Redemption Price SGB 2016 Series II and SGB 2016-17 Series II

Premature redemption price of sovereign gold bond fixed at Rs.4952/unit for SGB 2016 Series II and SGB 2016-17 Series II

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The price for premature redemption of Premature Redemption Price SGB 2016 Series II and SGB 2016-17 Series II due on September 29 and 30, 2022

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Sovereign gold bond SGB 2016 Series II and SGB 2016-17 Series II SGB 2016 Series II and SGB 2016-17 Series II has been fixed at Rs 4952 per unit

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[{"selector":"#anim-83df926d-4fba-4488-b6c5-02c54d4ce7c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a97a5d43-2867-42f8-9fb8-e22adf9a99a3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-552060e6-7578-4e41-a0c5-9278ffb1ac32","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a3b25195-bc91-4375-aacc-3476e7a13459","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The redemption price of SGB is based on the average closing price of gold of 999 purity of the week (Monday-Friday) preceding the date of redemption as published by the India Bullion and Jewelers Association Ltd. The redemption price of SGB is based on the average closing price of gold of 999 purity of the week (Monday-Friday) preceding the date of redemption as published by the India Bullion and Jewelers Association Ltd.

Redemption price fixed Rs.4952 /- per unit of SGB based on the simple average of closing gold price for the week September 19-23, 2022

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[{"selector":"#anim-1d33d34f-3082-402e-8cc8-5eb11c26e0fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0ad80c18-718e-47e2-9273-9233fcaae3a3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8a42a7b4-701c-4169-9148-f8516ed7f04f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-613f6bc5-3b0e-4d9d-9936-c293a5b2072d","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The RBI issues the bonds on behalf of the Government of India which are sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and NSE and BSE The RBI issues the bonds on behalf of the Government of India which are sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and NSE and BSE

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The bonds are denominated in multiples of gram (s) of gold with a basic unit of 1 gram

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The maximum limit of subscription is 4 kg for individuals and HUFs and 20 kg for trusts and similar entities per financial year

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