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SGB 2016-17 Series I: Issue Price ₹3,119, Redemption Dates and Value Today

Source: RBI press releases · latest release 2 Aug 2024 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)

Issue price

₹3,119 per gram

Final redemption price

₹6,938 up by ₹3,819 (122.44%)

for the redemption due 5 Aug 2024 · RBI, 2 Aug 2024

Key dates

Subscription period
–
Date of issue
Interest
2.75% a year on the issue price, paid every six months on 5 Aug and 5 Feb
Premature redemption
From 5 Aug 2021 (five years from issue), on each interest date
Maturity
5 Aug 2024 (eight years from issue)
Status
Matured — RBI’s final redemption fell on 5 Aug 2024 at ₹6,938 per unit

RBI’s redemption prices for SGB 2016-17 Series I

Every redemption price RBI has published for this tranche, newest first, with the gain over the issue price of ₹3,119 — price only, the half-yearly interest came on top
Due date Type Price per unit vs issue price
Final ₹6,938 up by ₹3,819 (122.44%)
Premature ₹6,271 up by ₹3,152 (101.06%)
Premature ₹5,950 up by ₹2,831 (90.77%)
Premature ₹5,717 up by ₹2,598 (83.30%)
Premature ₹5,104 up by ₹1,985 (63.64%)
Premature ₹4,852 up by ₹1,733 (55.56%)
Premature ₹4,804 up by ₹1,685 (54.02%)

Frequently asked questions

What was the issue price of SGB 2016-17 Series I?

₹3,119 per gram. It was open for subscription from 18 Jul 2016 to 22 Jul 2016 and issued on 5 Aug 2016 (RBI press release of 15 Jul 2016).

When does SGB 2016-17 Series I mature?

On 5 Aug 2024, eight years from its issue on 5 Aug 2016. RBI repays the unit at the simple average of IBJA’s closing price of 999 gold over the three business days before the date, and pays the last interest with it.

When can SGB 2016-17 Series I be redeemed early?

It can no longer be redeemed: the tranche matured on 5 Aug 2024.

How much interest does SGB 2016-17 Series I pay?

2.75% a year on the issue price of ₹3,119 per gram — ₹85.77 per unit a year, paid in two halves on 5 Aug and 5 Feb, the last one with the redemption. Interest is taxable as income.