📄 Source: Reserve Bank of India · Press Release prid 63057
Quick answerRBI has fixed the premature redemption price for SGB 2018-19 Series-IV at ₹14,086 per unit, payable on July 1, 2026. The price is based on the simple average of IBJA 999 purity gold closing prices from June 25, 29, and 30, 2026.
What changed
RBI announced the premature redemption price for SGB 2018-19 Series-IV (issued January 1, 2019) as ₹14,086 per unit, payable on July 1, 2026. The price is derived from the simple average of 999 purity gold closing prices from the three business days prior to redemption.
What it means for you
Banks and authorized intermediaries must process premature redemptions at this fixed price for investors holding this tranche. The price reflects current gold market levels, offering a clear exit value for investors who have held the bond for over five years.
What you must do
Update systems to reflect ₹14,086 per unit as the premature redemption price for SGB 2018-19 Series-IV effective July 1, 2026.
Notify eligible investors of the redemption window and price.
Ensure compliance with RBI's calculation method using IBJA gold prices for future redemptions.
What is the premature redemption price for SGB 2018-19 Series-IV?
The price is ₹14,086 per unit, based on the simple average of IBJA gold closing prices from June 25, 29, and 30, 2026.
When can investors redeem this SGB tranche prematurely?
The next premature redemption date is July 1, 2026, as per the scheme's terms allowing redemption after five years from the issue date.
Test yourself
Quick self-check built only from the facts already on this page — tap a question to reveal the answer.
Q1. In one line, what does this circular do?
RBI has fixed the premature redemption price for SGB 2018-19 Series-IV at ₹14,086 per unit, payable on July 1, 2026. The price is based on the simple average of IBJA 999 purity gold closing prices from June 25, 29, and 30, 2026.
Update systems to reflect ₹14,086 per unit as the premature redemption price for SGB 2018-19 Series-IV effective July 1, 2026.
📜 Compliance
Notify eligible investors of the redemption window and price.
Ensure compliance with RBI's calculation method using IBJA gold prices for future redemptions.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are an IT/Systems lead at a bank this circular applies to (Banks handling SGB redemptions, Authorized intermediaries and depositories, Investors holding SGB 2018-19 Series-IV), your first concrete step on “SGB 2018-19 Series-IV premature redemption price set at ₹14,086 per unit, due July 1, 2026” is: “Update systems to reflect ₹14,086 per unit as the premature redemption price for SGB 2018-19 Series-IV effective July 1, 2026.” (RBI issued this 01 Jul 2026).
Circular: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63057 -- SGB 2018-19 Series-IV premature redemption price set at ₹14,086 per unit, due July 1, 2026
Issued: 01 Jul 2026
Action required: Update systems to reflect ₹14,086 per unit as the premature redemption price for SGB 2018-19 Series-IV effective July 1, 2026.
Action required: Notify eligible investors of the redemption window and price.
Action required: Ensure compliance with RBI's calculation method using IBJA gold prices for future redemptions.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
AI-drafted · AI fact-check pending · under the editorial review of our expert review panel · decoded & published by BankPulse · 30 Jun 2026, 18:46 IST
Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63057 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.
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