✎ SGB offers a secure, tax-efficient gold investment with premature redemption options post 5 years, priced via IBJA gold averages.
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
The Reserve Bank of India (RBI) has announced that the premature redemption price for the Sovereign Gold Bond (SGB) 2018-19 Series VI, due on August 12, 2026, will be ₹15,102 per unit. This redemption price is calculated as the simple average of the closing prices of 999 purity gold over the three preceding business days (August 7, 10, and 11, 2026) as published by the India Bullion and Jewellers Association Ltd (IBJA). The premature redemption facility is available to investors after the fifth year from the issue date, which for this series is February 12, 2019. The RBI’s notification aligns with the Government of India’s guidelines under the Sovereign Gold Bond Scheme, permitting early exit for investors seeking liquidity.
This development holds significance for candidates preparing for Banking, SSC, and RBI Grade B examinations, particularly in the Polity & Governance segment. Questions on financial instruments like SGBs may appear in the general awareness or economic awareness sections of these exams, testing candidates’ understanding of government schemes and RBI policies. Additionally, awareness of such schemes reflects the broader theme of financial inclusion and alternative investment avenues promoted by the government, which is a recurring topic in competitive exams.
Source: RBI
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