Sovereign Gold Bonds up for final redemption in 2024: Tentative dates of SGBs up for redemption this year

economictimes.indiatimes.com:

Also read: SGB premature redemption dates for April 2024 – September 2024 announced, check details

This year, already two Sovereign Gold Bond (SGB) Scheme launched in 2016 have come up for final redemption. Let us see the tentative dates of SGB up for financial redemption in 2024.

Sovereign Gold Bonds 2016-I

Sovereign Gold Bonds 2016-I is a 8 year bond which matured in February 8 2024. The issue price of SGB 2016-I, when launched was Rs 2600 per gram. The final redemption amount is Rs 6,271 for each SGB unit.

Sovereign Gold Bonds: These SGB investors will earn 141% on maturity this month

SGB 2016 Series II

According to the RBI notification issued on March 22, 2024, the date has been set as March 28, 2024 (March 29, 2024 being a holiday). The final redemption amount, which is due on March 28, 2024, is Rs 6601 for each SGB unit.

Also read: Final redemption price of SGB 2016 Series II announced; investors to earn 10.7%

Sovereign Gold Bond 2016-17 – Series I

Sovereign Gold Bond 2016-17 — Series issue price was Rs 3,119, and the bonds were issued on August 5, 2016, therefore the tentative final redemption date is in the first week of August 2024. The Bonds will carry an annual interest rate of 2.75 percent (fixed rate) on the initial investment. are paid in semi-annual installments, with the last installment due along with the principal at maturity.

Sovereign Gold Bonds 2016-17 Series-II

The tranche was offered for subscriptions from September 1 to September 9, 2016. The bonds were scheduled to be released on