Following are the details related to the process of redemption of SGB on the maturity: - SGBs have fix tenure of 8 years
- The investor will be advised one month before the maturity regarding the ensuing maturity of the bonds.
- When the SGB matures, the maturity amount is credited to the bank account in Indian rupees (₹) that is linked with the Jainam Demat account.
- In case there are any changes in details, for example, account number or email ID, then the investor must intimate the bank or Jainam promptly.
- The redemption price on maturity is based on the simple average of the closing price of gold of 999 purity of the previous 3 business days from the date of repayment, as published by the Indian Bullion and Jewellers Association Limited (IBJA).
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