Sovereign Gold Bond redemption: maturity repayment with early redemption option after five years, price tied to bullion average. Redemption requires repayment in Indian Rupees on expiry of eight years from issue, with premature redemption permitted after five years and paid on the ... Summary
Sovereign Gold Bond redemption: maturity repayment with early redemption option after five years, price tied to bullion average.
Redemption requires repayment in Indian Rupees on expiry of eight years from issue, with premature redemption permitted after five years and paid on the next interest payment date; the redemption price is the simple average of the closing price of 999 purity gold for the previous three working days published by the India Bullion and Jewellers Association Limited, and the RBI or depository must give one month's advance notice of maturity.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.