Redemption of Sovereign Gold Bonds: maturity and premature redemption conditions with INR settlement based on gold price average. Redemption of Sovereign Gold Bonds occurs at the end of eight years, with premature redemption allowed after the fifth year on an interest payment date. Redemption is paid in Indian Rupees and the price is based on the simple average of the closing price of 999 purity gold for the previous week published by the India Bullion and Jewellers' Association Limited. The receiving office must inform the investor of the maturity date one month before redemption.
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Redemption of Sovereign Gold Bonds: maturity and premature redemption conditions with INR settlement based on gold price average.
Redemption of Sovereign Gold Bonds occurs at the end of eight years, with premature redemption allowed after the fifth year on an interest payment date. Redemption is paid in Indian Rupees and the price is based on the simple average of the closing price of 999 purity gold for the previous week published by the India Bullion and Jewellers' Association Limited. The receiving office must inform the investor of the maturity date one month before redemption.
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