RBI fixes SGB 2019-20 Series VI premature redemption price at ₹14,213 per unit
The RBI on 29 October 2026 fixed the premature redemption price for SGB 2019-20 Series VI at ₹14,213 per unit. This applies to investors who bought this series, issued on 30 October 2019, and want to redeem early.
What this means for you
If you invested in SGB 2019-20 Series VI, issued on 30 October 2019, you are eligible for premature redemption on 30 October 2026. The redemption price on that date will be ₹14,213 per unit. People who did not invest in this series are not affected.
Key facts
- Redemption price: ₹14,213 per unit of SGB
- Series: SGB 2019-20 Series VI, issue date 30 October 2019
- Next premature redemption date: 30 October 2026
- Price based on IBJA 999 purity gold closing prices of 27, 28 and 29 October 2026
- Premature redemption allowed after the fifth year, on an interest payment date
What has happened
The RBI issued a press release on 29 October 2026 announcing the premature redemption price for SGB 2019-20 Series VI. The price is fixed at ₹14,213 per unit of SGB.
Which series is this about
This series was issued on 30 October 2019. According to the government notification dated 30 September 2019, a Sovereign Gold Bond can be redeemed prematurely after the fifth year from the issue date, on a date when interest is payable. For this series, the next such date is 30 October 2026.
How the price was worked out
According to the RBI, the redemption price of an SGB is based on the simple average of the closing price of 999 purity gold for the three business days before the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). This time those three days are 27, 28 and 29 October 2026.
Who benefits
The direct benefit goes to investors who bought this series and choose premature redemption on 30 October 2026. They will get ₹14,213 for each unit. People who did not invest in this series are not affected by this announcement.
What to do next
If you are an investor in this series and want to redeem early, check the process with your bank or the institution you bought the bond from. More details are available in the RBI press release on its website.
Questions and answers
What is the premature redemption price for SGB 2019-20 Series VI?
₹14,213 per unit. According to the RBI, this is based on the average of gold prices on 27, 28 and 29 October 2026.
When can premature redemption happen?
After the fifth year from the issue date, on a date when interest is payable. For this series, the next such date is 30 October 2026.
When was SGB 2019-20 Series VI issued?
On 30 October 2019, according to the government notification dated 30 September 2019.
How is the redemption price calculated?
It is the simple average of the closing price of 999 purity gold published by IBJA for the three business days before the redemption date.
Source: RBI, "Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2019-20 Series VI due on October 30, 2026", 29 October 2026. Read the original notice
This routine notice was drafted with AI from an official source and published automatically; an editor reviews it after publishing. Report an error