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Those who missed this withdrawal can still exit in future redemption windows or sell on the stock exchange.
What happens next?
SGBs have an eight-year tenure, but investors can withdraw after five years on interest payment dates.
The next available redemption date will be on an upcoming interest payout date, allowing another chance for early exit.
Other exit options
For investors who missed the March 11 withdrawal, SGBs can still be sold in the secondary market (NSE/BSE) if held in demat form.
The selling price will depend on market demand and gold prices at the time of sale.
How is the redemption price set?
The RBI calculates the redemption price based on the three-day average closing price of 999-purity gold, as published by the India Bullion and Jewellers Association Ltd (IBJA).
For the March 11 redemption, the price was set at ₹8,596 per unit.
What are Sovereign Gold Bonds?
SGBs are government-backed securities issued by the RBI on behalf of the Government of India. They allow investors to hold gold in a digital form, offering an alternative to physical gold. Investors earn a 2.5% annual interest in addition to potential capital appreciation linked to gold prices.
Unlike physical gold, there are no making charges or storage costs.
However, in Budget 2025, the government announced the discontinuation of the SGB scheme. No new issuances will take place, but existing bonds will continue until their maturity.
First Published: Mar 13, 2025 10:16 AM IST
