# SGB 2020-21 Series I: ₹14,159 per unit on premature redemption on October 28, 2026

URL: https://kasba.co.in/en/story/sgb-2020-21-series-i-14-159-per-unit-on-premature-redemption
Language: en · Section: Money · Published: 2026-10-28
Source: RBI, "Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series I due on October 28, 2026", 2026-10-27, https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63872

The RBI said on October 27, 2026 that SGB 2020-21 Series I will fetch ₹14,159 per unit on premature redemption due on October 28, 2026. This applies to investors holding bonds of this series who choose to redeem on that date.

## What this means for you

If you hold SGB 2020-21 Series I bonds, redeeming them early on October 28, 2026 will get you ₹14,159 per unit. This price is only for that date. People who do not hold bonds of this series are not affected.

## Key facts

- SGB 2020-21 Series I was issued on April 28, 2020.
- The next premature redemption date is October 28, 2026.
- The redemption price is ₹14,159 per unit.
- It is based on the average of three business days: October 23, 26 and 27, 2026.
- The price uses IBJA's closing price of 999 purity gold.

## What has happened

The Reserve Bank of India (RBI) issued a press release on October 27, 2026. It says the next date for premature redemption of Sovereign Gold Bond (SGB) 2020-21 Series I is October 28, 2026. On that date, holders will get ₹14,159 per unit.

## What premature redemption means

An SGB is a gold-linked bond issued by the government. According to the RBI, a bond can be redeemed early after five years from its issue date, on a date when interest is payable. This series was issued on April 28, 2020, and the next redemption date is October 28, 2026.

## How the price is fixed

The RBI said the redemption price is based on the simple average of the closing price of 999 purity gold published by the India Bullion and Jewellers Association Ltd (IBJA) for the previous three business days. This time the average is taken from October 23, 26 and 27, 2026. On that basis, the rate is ₹14,159 per unit.

## Who is affected

The rate is for investors who hold SGB 2020-21 Series I bonds and want to redeem them early on October 28, 2026. People who do not hold bonds of this series are not directly affected.

## What to do next

If you hold bonds of this series and want to redeem, check the process with your bank or the place you bought the bonds from. You can confirm the price and date from this RBI press release.

## Questions and answers

**How much will I get on premature redemption of SGB 2020-21 Series I?**
₹14,159 per unit. This rate is fixed for redemption on October 28, 2026.

**When can SGB 2020-21 Series I be redeemed early?**
After five years from the issue date, on a date when interest is payable. For this series, the next such date is October 28, 2026.

**How is the redemption price calculated?**
From the simple average of IBJA's closing price of 999 purity gold over the previous three business days. This time it is based on October 23, 26 and 27, 2026.

**Does this rate apply to all SGB series?**
No. It applies only to the premature redemption of SGB 2020-21 Series I due on October 28, 2026.

Kasba Desk, Kasba. This routine notice was drafted with AI from an official source and published automatically; an editor reviews it after publishing.