Gold bond holders: SGB 2020-21 Series VII can be redeemed early on 19 October 2026 at Rs 14,614 per unit
RBI said the premature redemption price for Sovereign Gold Bond 2020-21 Series VII, due on 19 October 2026, is Rs 14,614 per unit, based on the average of three days of IBJA gold closing prices.
The Reserve Bank of India (RBI) said on 16 October 2026 that the redemption price for early redemption of Sovereign Gold Bond (SGB) 2020-21 Series VII, due on 19 October 2026, is Rs 14,614 per unit. Holders of this series, which was issued on 20 October 2020, 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 2020-21 Series VII, issued on 20 October 2020.
- When early redemption is allowed. Under the Government of India notification dated 9 October 2020 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 date for this series is 19 October 2026, because 20 October 2026 is a holiday.
- The price. Rs 14,614 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 14, 15 and 16 October 2026.
Basis of these figures
All figures and dates are from the RBI press release 2026-2027/1344 dated 16 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.