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RBI Sets Rs 12,820 Final Redemption for 2017–18 Series‑X Sovereign Gold Bonds

The payout reflects IBJA-based pricing with individual capital gains exempt at maturity.

Overview

  • The tranche matured on December 4, 2025, exactly eight years after its December 4, 2017 issue under the government’s notification.
  • The redemption price was computed from the simple average of IBJA 999‑purity gold closing prices over designated business days before maturity.
  • Long‑term holders see roughly a 340% price gain versus the Rs 2,911 online issue rate, excluding the 2.5% annual coupon; the official issue price was Rs 2,961.
  • RBI will send a maturity intimation about one month prior and credit proceeds to the registered bank account, so investors should ensure their details are updated with their bank, SHCIL or post office.
  • Interest is taxable while individual capital gains at redemption are exempt; early exit is allowed after five years on interest payment dates, and fresh SGB issuances have been discontinued.