RBIFor: Investor
SGB 2018-19 Series III matures Nov 13 at Rs 14024 per unit
RBI has fixed the final redemption price for Sovereign Gold Bond 2018-19 Series III at Rs 14024 per unit. Holders get the money on November 13, 2026, eight years after the November 13, 2018 issue.
Summary by TaxSavvy. Read the official notice.
Read the official notice (opens RBI press releases in a new tab)In short: FPAC
- Facts
- RBI says SGB 2018-19 Series III, issued November 13, 2018, reaches final redemption on November 13, 2026 at Rs 14024 per unit.
- Provisions and law
- GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 under the Sovereign Gold Bond Scheme, with price based on IBJA closing price of 999 purity gold.
- Analysis
- The price is the simple average of closing gold prices for November 10, November 11 and November 12, 2026, so holders receive Rs 14024 for each unit held.
- Conclusion
- If you hold this tranche, the redemption amount of Rs 14024 per unit comes to your registered bank account on November 13, 2026.
What to do
- InformationCheck your holding statement or demat account for the number of SGB 2018-19 Series III units held.
- InformationConfirm the bank account and address linked with the bond are current so the credit does not fail.
- DiscussionDiscuss with a CA how to report the redemption proceeds in your return and where to reinvest the money.
- DeliverablesKeep the redemption credit advice and bond statement in your tax file for the year.
Steps follow IDFD: Information, Discussion, Forms, Deliverables.
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See the serviceOfficial source: RBI press releases, “Final redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for final redemption of SGB 2018-19 Series-III due on November 13, 2026”. This summary is general information, not advice for your case. The official notice is the final word.