✎ Premature redemption of SGB 2021-22 Series VI is permitted on Sep 7, 2026 at ₹15,334 per unit based on IBJA gold price average.
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Reserve Bank of India (RBI) has announced the redemption price for premature redemption of the Sovereign Gold Bond (SGB) 2021-22 Series VI, which is due on September 07, 2026. As per the GOI notification dated May 12, 2021, premature redemption is permitted after the fifth year from the issue date, which falls on September 07, 2026. The redemption price is calculated as the simple average of the closing price of 999 purity gold over the three business days preceding the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). For this tranche, the redemption price has been fixed at ₹15,334 per unit, based on the average gold prices for September 02, 03, and 04, 2026.
This development holds significance for aspirants preparing for Banking, SSC, and RBI Grade B exams, particularly in the Polity & Governance segment. Questions related to the SGB scheme, its features, and redemption mechanisms are often asked in competitive exams to test candidates’ understanding of government financial instruments. For banking exams like IBPS, SBI, and RBI Grade B, awareness of such schemes is crucial as they reflect the government’s efforts to mobilize savings and reduce reliance on physical gold imports. SSC aspirants may also encounter questions on gold-related financial instruments in the General Awareness section, making this topic relevant for a comprehensive exam preparation strategy.
Source: RBI
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