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The Reserve Bank of India (RBI) has announced the premature redemption of Sovereign Gold Bonds (SGBs) under the 2020-21 Series VII, issued on October 20, 2020.

The redemption will be permitted on October 20, 2025, and the price has been fixed at Rs 12,792 per unit, which is a 153.25% gain over the issue price of Rs 5,051. This does not include the 2.5% annual interest income earned during the holding period.

“In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-VII-Issue date October 20, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption o

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