Issue price
₹3,150 per gram
SGB 2016-17 Series II: Issue Price ₹3,150, Redemption Dates and Value Today
Source: RBI press releases · latest release 27 Sep 2024 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)
Final redemption price
₹7,517 up by ₹4,367 (138.63%)
for the redemption due 30 Sep 2024 · RBI, 27 Sep 2024
Key dates
- Subscription period
- –
- Date of issue
- Interest
- 2.75% a year on the issue price, paid every six months on 30 Sep and 30 Mar
- Premature redemption
- From 30 Sep 2021 (five years from issue), on each interest date
- Maturity
- 30 Sep 2024 (eight years from issue)
- Status
- Matured — RBI’s final redemption fell on 30 Sep 2024 at ₹7,517 per unit
RBI’s redemption prices for SGB 2016-17 Series II
Frequently asked questions
What was the issue price of SGB 2016-17 Series II?
₹3,150 per gram. It was open for subscription from 1 Sep 2016 to 9 Sep 2016 and issued on 30 Sep 2016 (RBI press release of 30 Aug 2016).
When does SGB 2016-17 Series II mature?
On 30 Sep 2024, eight years from its issue on 30 Sep 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 II be redeemed early?
It can no longer be redeemed: the tranche matured on 30 Sep 2024.
How much interest does SGB 2016-17 Series II pay?
2.75% a year on the issue price of ₹3,150 per gram — ₹86.63 per unit a year, paid in two halves on 30 Sep and 30 Mar, the last one with the redemption. Interest is taxable as income.