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of <h1>Sovereign Gold Bond Scheme 2022-23: Redeem After 8 Years, Premature Option After 5 Years, Redemption in Indian Rupees.</h1> The Sovereign Gold Bond Scheme 2022-23, starting from Series III, stipulates that Gold Bonds are repayable after eight years from the issue date, with the option for premature redemption after five years on interest payment dates. Redemption will be in Indian Rupees, calculated using the average closing price of gold 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 will notify investors one month before the bond's maturity date.
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