Reserve Bank fixes Rs 14,614 as the premature redemption price for Sovereign Gold Bond 2020-21 Series VII

16 October 2026

The Reserve Bank of India announced the redemption price for premature redemption of Sovereign Gold Bond 2020-21 Series VII.
The redemption price is Rs 14,614 per unit of the bond.
The due date for this premature redemption is October 19, 2026, as October 20, 2026 is a holiday.
The price is the simple average of closing gold price for the three business days October 14, October 15 and October 16, 2026.
The series was issued on October 20, 2020 under notification F.No. 4(4)-B(W&M)/2020 dated October 09, 2020.
Sovereign Gold Bonds carry an eight-year tenor with premature redemption permitted after the fifth year on interest payment dates.