Holders of the Sovereign Gold Bond (SGB) 2020-21 Series-VII, issued on October 20, 2020, are eligible for premature redemption on October 20, 2025, as per the Government of India notification dated October 9, 2020. Premature redemption is permitted after the fifth year from the date of issue, on the date interest is payable.
The redemption price will be calculated based on the simple average of the closing gold prices of 999 purity for the three working days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).
For this tranche, the redemption price has been fixed at ?12,792 per unit of SGB, based on the average closing gold prices on October 15, 16, and 17, 2025