The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series VIII, which was originally issued on November 18, 2020. Investors holding this tranche will be able to redeem their bonds early starting Monday, May 18, 2026, as per an RBI notification. Sovereign Gold Bonds (SGBs) come with an 8-year maturity tenure, but the Reserve Bank of India (RBI) allows early redemption of SGBs after the completion of 5 years of the issue date of the tranche. This early exit option can only be exercised on specific coupon (interest) payment dates.
ET Wealth Online tells you the premature redemption price, the returns you will get if you opt for premature redemption and other key details about the SGB 2020-21 Series VIII.