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of <h1>Sovereign Gold Bonds redeemable after 8 years; early redemption possible after 5 years on interest dates.</h1> The Sovereign Gold Bond Scheme 2022-23 mandates that Gold Bonds are repayable after eight years from their issue date, with an option for premature redemption after five years on interest payment dates. Redemption is conducted in Indian Rupees, with the price determined by the simple average of the closing gold prices of 999 purity over the previous three working days, as published by the India Bullion and Jewellers Association Limited. The Reserve Bank of India or the depository is required to notify investors about the bond's maturity date one month in advance.
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