The Series X premature redemption price of Sovereign Gold Bond 017-18 has been fixed at Rs 6,265 per gram. In this, investors have got double the return compared to the issue price.
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Investors have earned more than double the returns in Series X of Sovereign Gold Bond 2017-18. In a press release issued by RBI on December 1, it was said that the prematurity redemption price of Series
According to RBI, the price of Sovereign Gold Bond i.e. SGB is equal to the average price of the last three days issued by the Indian Bullion and Jewelers Association. In such a situation, this price has been decided on the basis of the closing price of November 29, 30 and December 01, 2023. Also, the central bank has informed that the due date for premature withdrawal of Series
Premature withdrawal can be done after 5 years
The maturity period of Sovereign Gold Bond is eight years, but after a holding period of five years, you can easily make premature withdrawal. In such a situation, premature withdrawal of the Sovereign Gold Bond issued on November 24, 2017 at the rate of Rs 2,961 per gram can now be done.
Let us tell you, if we talk about returns, on premature withdrawal of SGB 2017-18, they are getting Rs 6,265 per gram as against the issue price of Rs 2,961 and directly investors are getting a profit of Rs 3,304 per gram i.e. 111.58 percent.
How can I withdraw?
To make premature withdrawal of Sovereign Gold Bond, you have to apply to the concerned bank/SHCIL office/post office/third party agent (from where you have purchased the bond). After this your application will be processed and the amount will be credited to your account.
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