SGB Early Exit at ₹15,275: Is Your Payout Right?

RBI has fixed the early redemption price for Sovereign Gold Bond 2019-20 Series VII at ₹15,275 per unit for June 10, 2026. If you hold this series, here is what you need to know before redeeming.

Here's what happened: RBI announced ₹15,275 per unit as the premature redemption price for SGB 2019-20 Series VII, valid for the June 10, 2026 window.. The price is calculated as the simple average of closing prices of 999-purity gold over the 3 business days before the redemption date, as per IBJA data.. SGBs issued in 2019-20 are now entering their 5th year, which is when the first premature redemption window becomes available to investors..

What you should do: Check your Demat or RBI Retail Direct account to confirm if you hold SGB 2019-20 Series VII and verify the number of units you own.. Compare the ₹15,275 early exit price against your original purchase price to calculate your actual return before deciding to redeem.. Contact your broker, bank, or post office where you bought the SGB to initiate the redemption request before the June 10 window closes..

Pro tip: Capital gains on SGB redemption directly with RBI at maturity (8 years) are completely tax-free — early exit gains are taxable as per your income slab.