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SGB 2018-19 Series VI Premature Redemption on Feb 12; Price Fixed at ₹15,615
Anytime News Network The Reserve Bank of India (RBI) has announced that the premature redemption of Sovereign Gold Bond (SGB) 2018-19 Series VI will be permitted on February 12, 2026. The redemption price has been fixed at ₹15,615 per unit.
As per the Government of India notification dated October 8, 2018, premature redemption is allowed after five years from the date of issue, on an interest payment date. The bonds were originally issued on February 12, 2019, making February 12, 2026 the next eligible redemption date.
The redemption price has been calculated based on the simple average of the closing price of 999 purity gold for the previous three business days—February 9, 10 and 11, 2026—as published by the India Bullion and Jewellers Association Ltd (IBJA).
With gold prices remaining elevated, analysts believe investors may benefit significantly from redeeming at current levels. In addition to capital appreciation, SGB investors earn a fixed annual interest of 2.5%, payable semi-annually.
The RBI clarified that eligible investors may approach their respective banks or authorized channels to process the redemption.
