Delhi High Court Criticizes DDA for Gross Negligence in Construction of Apartments  ||  Del. HC: 24 Seven Files Suit for Trademark Violation against Godfrey Phillips  ||  NCLAT: RP Can Withdraw Application u/s 12A of IBC Before it is Heard or Allowed  ||  NCLAT: Submission of Status Report in Cr. Proceeding Won’t Have Bearing While Deciding App u/s 7 IBC  ||  Cal. HC: Statutory Framework under CGST Act Provides Mechanisms to Address Assessee’s Concerns  ||  Delhi HC Issues Notice on Plea by Yuvraj Singh Foundation Seeking Registration under FCRA  ||  Cal. HC Quashes Cruelty Proceedings against Brother-In-Law of Woman after 18 Years of Marriage  ||  SC Explains Conditions to Invoke Section 53-A of the Transfer of Property Act, 1882  ||  NCLT: IBC Doesn’t Have Provision to Issue Multiple Demand Notices before Filing Petition u/s 9  ||  J&K HC: Can Set Aside an Award Passed by Ineligible Arbitrator    

Redemption Price for premature redemption due on May 12, 2023- (Reserve Bank of India) (08 May 2023)

MANU/RPRL/0265/2023

Banking

1. In terms of GOI Notification F. No. 4(8) - W&M/2017 dated April 20, 2017 (SGB 2017-18, Series I - Issue date May 12, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be May 12, 2023.

2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity, of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for the premature redemption due on May 12, 2023 shall be ₹ 6,115/- (Rupees Six thousand one hundred fifteen only) per unit of SGB based on the simple average of closing gold price for the week May 02-05, 2023.

Tags : REDEMPTION PRICE   PREMATURE REDEMPTION   GOLD BOND SCHEME  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved