RBI Announces Redemption For SGB 2020-21 Series VI

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Posted by AI on 2025-09-08 10:35:27 | Last Updated by AI on 2025-09-08 14:04:27

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Gold is an integral part of the Indian culture and economy and the Sovereign Gold Bond (SGB) Scheme is a unique initiative by the Government of India, launched in November 2015, that allows investors to own paper gold in place of physical gold. The Reserve Bank of India (RBI) recently announced the redemption of SGB 2020-21 Series VI.

This is great news for investors and stakeholders in the Indian gold market, both individuals and institutions who have invested in SGB 2020-21 Series VI. The RBI announcement mentions that the redemption price will be determined on the basis of simple average of the closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited (IBJA) for the last three working days of the week preceding the redemption date, which is August 9, 2022. The issue price of SGB 2020-21 Series VI was Rs. 4,852 per gram, and the maturity amount calculated based on the current price of gold is expected to be approximately Rs. 5,039 per gram.

Investors can check the details of the tender and the amount due to them by logging in to the official website of RBI, rbi.org.in, or the National Securities Depository Limited (NSDL) website, nsdl.co.in, and view their account status.

Since the introduction of the SGB Scheme, this is the sixth series that has matured and RBI has announced the redemption process, which is a positive sign and reflects the smoothness of the functioning of the gold market in India and the confidence of investors in the SGB Scheme. The level of participation by the public in this scheme indicates people's trust in gold as a stable investment option in the country.

The SGB Scheme continues to be a popular choice for investors looking to invest in gold and diversify their portfolios and RBI's smooth administration of the scheme is a positive development for all stakeholders. keep an eye on the official channels for any further updates or the next series of the scheme.

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