SGB 2019-20 Series VIII redemption opens today: Check payout, eligibility and tax rules
RBI opened premature redemption for SGB 2019-20 Series VIII at ₹14,170 per unit from July 21, 2026.
The bond was issued on January 21, 2020, at ₹4,016 per gram (or ₹3,966 with digital discount) and has completed five years.
Redemption is permitted only on interest payment dates; investors must submit requests to their bank, post office, SHCIL, or authorized agent.
The redemption price is based on the simple average of 999 purity gold closing prices from IBJA for July 16, 17, and 20, 2026.
After redemption, investors stop earning the fixed 2.5% annual interest; capital gains tax under Income-tax Act, 2025 applies.
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