The date when an SGB completes its tenure and is redeemed by RBI
The date when an SGB completes its tenure and is redeemed by RBI
Maturity Date is the date when a Sovereign Gold Bond completes its 8-year tenure and is redeemed by the Reserve Bank of India.
On maturity: - The bond is redeemed at prevailing gold price - Redemption price = Simple average of closing price of gold (999 purity) of previous 3 business days - Amount is credited to investor's linked bank account - Capital gains are completely TAX-FREE
Important dates related to SGB maturity: - Issue Date: When the SGB was originally issued - Maturity Date: Issue Date + 8 years - Early Exit Date: After 5 years from issue date (on interest payment dates only)
Knowing maturity date helps in: - Planning investment horizon - Calculating years to maturity - Comparing different SGB series