Gold bond holders: SGB 2019-20 Series V can be redeemed early on 15 October 2026 at Rs 14,725 per unit
RBI said the premature redemption price for Sovereign Gold Bond 2019-20 Series V, due on 15 October 2026, is Rs 14,725 per unit, based on the average of three days of IBJA gold closing prices.
The Reserve Bank of India (RBI) said on 14 October 2026 that the redemption price for early redemption of Sovereign Gold Bond (SGB) 2019-20 Series V, due on 15 October 2026, is Rs 14,725 per unit. Holders of this series, which was issued on 15 October 2019, can use that date to redeem before the bond’s full term ends.
A Sovereign Gold Bond is a government bond under a Government of India scheme. “Premature redemption” means cashing in the bond before its final maturity date.
What the RBI said
- Which bonds. SGB 2019-20 Series V, issued on 15 October 2019.
- When early redemption is allowed. Under the Government of India notification dated 30 September 2019 that set up this tranche, early redemption may be permitted after the fifth year from the issue date, on a date when interest is payable. The RBI said the next such date for this series is 15 October 2026.
- The price. Rs 14,725 per unit of SGB.
- How the price is set. It is the simple average of the closing price of 999-purity gold on the previous three business days, as published by the India Bullion and Jewellers Association Ltd (IBJA). The RBI said the three days used were 12, 13 and 14 October 2026.
Basis of these figures
All figures and dates are from the RBI press release 2026-2027/1329 dated 14 October 2026, which was read directly on the RBI website. The release does not say how many units remain outstanding, how a holder places a redemption request, or the cut-off for doing so, so this article does not cover them. Holders should check the procedure with the bank, post office or agent through which they hold the bond. This article reports the notified price and does not say whether redeeming is advisable.