Redemption terms: Gold bonds mature after eight years; early redemption allowed after five years; rupee payout based on gold average. Redemption requires repayment at the end of an eight year term, with premature redemption allowed after the fifth year on the next interest payment date. Maturity redemption is paid in rupees, calculated by the simple average of the closing price of 999 purity gold over the previous three working days as published by the recognised market source. The RBI or 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: Gold bonds mature after eight years; early redemption allowed after five years; rupee payout based on gold average.
Redemption requires repayment at the end of an eight year term, with premature redemption allowed after the fifth year on the next interest payment date. Maturity redemption is paid in rupees, calculated by the simple average of the closing price of 999 purity gold over the previous three working days as published by the recognised market source. The RBI or depository must notify investors one month before maturity.
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