RBI Announces Premature Redemption Price for SGB 2019-20 Series VI
The Reserve Bank of India (RBI) has announced the early redemption (premature withdrawal) price for the Sovereign Gold Bond (SGB) 2019-20 Series VI, which was issued on October 30, 2019.
Investors will have the option to redeem these SGBs prematurely on October 30, 2025. The tenor of the SGB is 8 years but the premature redemption of the bond is allowed after the fifth year from the date of issue.
Subscription for the 2020-21 Series-VII issue was available from October 21 to 25, 2019, with the bonds issued on October 30, 2019.