1 unit 6,076 to redeem the gold bond before maturity

The Reserve Bank has set a price of Rs 6,076 per unit for early redemption of central government gold bonds maturing on November 20.

Gold Bond

Now if early redemption of gold bond will give good profit

Now whether early redemption of gold bond will give good profit, yes RBI has now issued a notification according to which Also, this price has been fixed with the average price of gold on November 15, 16, 17.

The central government announced the Gold Savings Bond Scheme in November 2015 as part of a move to reduce gold imports.

In this, gold can be stored in document form. One gram of gold is given as one unit.

Investors who wish to redeem their gold bonds early can do so by submitting a redemption request to their issuing bank or branch. The redemption proceeds will be credited to the investor's account within two working days.

The RBI has also announced that the redemption price for central government gold bonds maturing on the 20th of November 2023 will be Rs 5,847 per unit if the bonds are redeemed on or after the 5th anniversary of their issue date.

Savings Bond

A minimum investment of one gram can be made in this scheme. Individuals can invest up to a maximum of 4 kg and trusts can invest up to 20 kg.

The Ministry of Finance has announced that a discount of Rs 50 per 1 gram will be given for online or electronic investments.

Thus, buyers of gold savings bonds will get a discount of Rs 50 per 1 gram in electronic transactions including credit and debit cards.

Gold Savings Bonds will be sold at Banks, Stock Holding Corporation, Mumbai and National Stock Exchanges, Head Post Offices.

The investment in these savings bonds will pay an interest rate of 2.5 percent per annum, every six months.

Cash transaction

Investors can invest in and withdraw these gold bonds through cash transfer.

The Reserve Bank is issuing these bonds on the direction of the central government.

Early withdrawal of investment is allowed after five years from the date of issue of gold bonds.

For more information on the early redemption of central government gold bonds, please visit the RBI's website.

Comments

Emmvee Photovoltaic Power Share Price Target 2030: Is It a Buy?

The renewable energy sector, particularly the solar energy segment, is growing rapidly. If you are looking for long-term growth opportunities in this sector, 'Emmvee Photovoltaic Power' is a company that warrants your attention. Based on recent market studies and financial reports, we outline the company's key operational metrics here and analyze why market analysts recommend it as an excellent long-term investment. Emmvee Photovoltaic Power: Key Stock and Market Metrics As of July 16, 2026, the company’s stock boasts strong fundamentals, supported by robust operating profit margins and excellent capital utilization. Metric | Details / Statistics Current Share Price (as of 16.07.2026): ₹365.35 Market Capitalization: ₹24,696 Crore Analyst Recommendation: Buy Recommended Investment Horizon: 5 years Expected Target Price (by 2030): ₹628.00 A Detailed Look at Financial and Valuation Ratios To understand why analysts are confident that Emmvee Photovoltaic Power will reach a targ...

What are the weekly employment news updates and notifications?

Learn how weekly employment news updates and notifications help job seekers track new vacancies, industry trends, recruitment announcement, and career growth opportunities. Interested in joining a medical education institute? A notification has been released for vacancies at a postgraduate medical education and research institute operating under the Central Government. There is a total of 60 vacancies, including 54 for MTS, 1 for Medical Officer, 1 for Pharmacist, and 1 for Computer Operator. Educational Qualifications: 10th Standard / D Pharm / MBBS. Age Limit: 18–30 years (as of 19.10.2026). Selection Process: Online examination, skill test, and certificate verification. Application Method: Online. Application Fee: ₹1,500 (₹800 for SC/ST categories). Last Date: 19.10.2026. For details: pgimer.edu.in Engineer Positions at National Power Company A recruitment notification has been released for vacancies at the National Thermal Power Company. There is a total of 17 vacancie...

What is the future prediction of Vedanta share in 2026?

To enable investors to choose sectors that align with their preferences, the Vedanta Group has demerged into four separate entities, which were listed on the stock exchange the day before yesterday. What is the outlook for the four newly listed Vedanta entities over the next six months? Stock market expert Reji Thomas shares his insights regarding their performance and the outlook for the next 3–6 months. Vedanta Aluminium Metal Price: 471 Operations: India’s leading integrated aluminium producer, covering the entire value chain—from bauxite mining and refining to the manufacture of products for sectors such as construction, automotive, power, and packaging. Business Outlook: Driven by large-scale infrastructure, low production costs, and steady demand, this is considered the strongest business among Vedanta's four new entities. Next 3–6 Months: Revenue and market valuation are expected to rise in the coming quarters, supported by international price stability and strong domesti...

22k jewelers

Search This Blog