According to the Government of India notification dated October 06, 2017, and October 08, 2018, premature redemption of SGB may be permitted after the fifth year from the date of issue, aligning with the date on which interest is payable on the bond.
The press statement of the RBI says early redemption price has been fixed at Rs 7260/- per unit of SGB, based on the average closing gold price over the previous three business days.
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