🇮🇳Reserve Bank of India fixes premature redemption price for Sovereign Gold Bond 2021-22 Series-III
Premature SGB redemptions settle at INR 15,512 per unit on 08 June 2026 — SGB registrars and paying agents must process redemptions at that price
RBI
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Change
On 05 June 2026, the Reserve Bank of India set the premature redemption price for Sovereign Gold Bond 2021-22 Series‑III due on 08 June 2026 at INR 15,512 per unit, calculated as the simple average of IBJA closing gold prices for June 03–05, 2026.
Why it matters
Redemption payouts for this tranche must be computed using the India Bullion and Jewellers Association Ltd three-business-day simple average of 999-purity gold closing prices (June 03–05, 2026). Settlement and payment operations must apply the fixed per-unit price on the premature redemption date, 08 June 2026.
Implications
- — SGB registrars and paying agents must process premature redemptions of SGB 2021-22 Series-III at INR 15,512 per unit on 08 June 2026 — failure to apply the prescribed price will produce incorrect settlement amounts.
- — SGB holders eligible for premature redemption (after five years) must redeem on 08 June 2026 to receive INR 15,512 per unit — redeeming on that date binds the payout to the published simple-average price.
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