Redemption terms allow sovereign gold bond maturity after eight years, with permitted premature redemption after five years. Redemption under the Scheme fixes repayment at the expiration of eight years with permitted premature redemption after the fifth year on the next interest payment date; redemption is in Indian Rupees and the 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; the RBI/depository must notify investors one month before maturity.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Redemption terms allow sovereign gold bond maturity after eight years, with permitted premature redemption after five years.
Redemption under the Scheme fixes repayment at the expiration of eight years with permitted premature redemption after the fifth year on the next interest payment date; redemption is in Indian Rupees and the 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; the RBI/depository must notify investors one month before maturity.
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