RBI sets SGB 2021-22 Series VII early redemption price at ₹14,167 per unit
On 30 October 2026, RBI fixed the premature redemption price for SGB 2021-22 Series VII at ₹14,167 per unit. This applies to investors holding this series who want to redeem early on 2 November 2026.
What this means for you
If you invested in SGB 2021-22 Series VII, you can get ₹14,167 per unit if you redeem early on 2 November 2026. This option is only for that date, which is the interest payment date after five years from issue. People who did not buy this series are not affected.
Key facts
- SGB 2021-22 Series VII was issued on 2 November 2021.
- The premature redemption date is 2 November 2026.
- The redemption price is fixed at ₹14,167 per unit.
- The price is based on the average closing price of 999 purity gold on 28, 29 and 30 October 2026.
- The price uses rates published by IBJA.
What has happened
In a press release dated 30 October 2026, RBI said the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series VII has been fixed at ₹14,167 per unit. This redemption is due on 2 November 2026.
SGB is a government scheme in which investors buy bonds instead of physical gold. Details of each series come from a government notification. For this series, the notification was dated 21 October 2021 and the bonds were issued on 2 November 2021.
When early redemption is allowed
According to RBI, premature redemption is permitted only after five years from the date of issue, and only on the date on which interest is payable. For this series, that date is 2 November 2026.
How the price is worked out
The redemption price is based on the simple average of the closing price of 999 purity gold of the previous three business days. These rates are published by the India Bullion and Jewellers Association Ltd (IBJA). This time the three days were 28, 29 and 30 October 2026, and their average gives the price of ₹14,167 per unit.
Who benefits
This benefits only investors who hold SGB 2021-22 Series VII bonds and want to redeem early on 2 November 2026. People who did not buy this series are not affected.
What to do next
If you hold bonds of this series and want to redeem early, ask your bank or the institution you bought the bonds from about the process. You can confirm the price and date from this RBI press release.
Questions and answers
When is the premature redemption for SGB 2021-22 Series VII?
On 2 November 2026. According to RBI, this is the interest payment date after five years from the bond's issue.
What is the premature redemption price?
₹14,167 per unit. It is based on the average gold price on 28, 29 and 30 October 2026.
How is the SGB redemption price calculated?
From the simple average of the closing price of 999 purity gold of the previous three business days. These rates are published by IBJA.
Can SGB be redeemed early before five years?
No. According to RBI, premature redemption is allowed only after five years from issue, on the date interest is payable.
Source: RBI, "Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2021-22 Series VII due on November 02, 2026", 30 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