What changed
RBI announced the premature redemption price for SGB 2018-19 Series-IV (issued January 1, 2019) as ₹14,086 per unit, payable on July 1, 2026. The price is derived from the simple average of 999 purity gold closing prices from the three business days prior to redemption.
What it means for you
Banks and authorized intermediaries must process premature redemptions at this fixed price for investors holding this tranche. The price reflects current gold market levels, offering a clear exit value for investors who have held the bond for over five years.
What you must do
- Update systems to reflect ₹14,086 per unit as the premature redemption price for SGB 2018-19 Series-IV effective July 1, 2026.
- Notify eligible investors of the redemption window and price.
- Ensure compliance with RBI's calculation method using IBJA gold prices for future redemptions.
Who it affects
Banks handling SGB redemptions, Authorized intermediaries and depositories, Investors holding SGB 2018-19 Series-IV
What is the premature redemption price for SGB 2018-19 Series-IV?
The price is ₹14,086 per unit, based on the simple average of IBJA gold closing prices from June 25, 29, and 30, 2026.
When can investors redeem this SGB tranche prematurely?
The next premature redemption date is July 1, 2026, as per the scheme's terms allowing redemption after five years from the issue date.