August early redemption eligibility for Sovereign Gold Bond series
In August, six Sovereign Gold Bond (SGB) tranches, such as the 2019-20 Series IX and 2020-21 Series XI, qualify for early exit. To redeem these, investors need to submit their requests during the RBI-mandated timeframe via the same entity where the bonds were originally bought. The payout amount will be determined by the mean closing rate of gold across the three business days prior to the redemption.
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