Redemption terms for sovereign gold bonds: maturity repayment in rupees tied to recent gold prices, with permitted premature redemption. Repayment occurs on expiry of the bond term with permitted premature redemption after a minimum holding period, processed on the next interest payment date; redemption is paid in Indian Rupees and the redemption price is the simple average of the closing price of 999 purity gold for the preceding working days as published by the India Bullion and Jewellers Association Limited, and the RBI or depository shall inform the investor one month in advance of maturity.
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Provisions expressly mentioned in the judgment/order text.
Redemption terms for sovereign gold bonds: maturity repayment in rupees tied to recent gold prices, with permitted premature redemption.
Repayment occurs on expiry of the bond term with permitted premature redemption after a minimum holding period, processed on the next interest payment date; redemption is paid in Indian Rupees and the redemption price is the simple average of the closing price of 999 purity gold for the preceding working days as published by the India Bullion and Jewellers Association Limited, and the RBI or depository shall inform the investor one month in advance of maturity.
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