Issue price
₹2,957 per gram
SGB 2016-17 Series III: Issue Price ₹2,957, Redemption Dates and Value Today
Source: RBI press releases · latest release 8 Nov 2024 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)
Final redemption price
₹7,788 up by ₹4,831 (163.38%)
for the redemption due 16 Nov 2024 · RBI, 8 Nov 2024
Key dates
- Subscription period
- –
- Date of issue
- Interest
- 2.5% a year on the issue price, paid every six months on 17 Nov and 17 May
- Premature redemption
- From 17 Nov 2021 (five years from issue), on each interest date
- Maturity
- 17 Nov 2024 (eight years from issue)
- Status
- Matured — RBI’s final redemption fell on 16 Nov 2024 at ₹7,788 per unit
RBI’s redemption prices for SGB 2016-17 Series III
Frequently asked questions
What was the issue price of SGB 2016-17 Series III?
₹2,957 per gram. It was open for subscription from 24 Oct 2016 to 2 Nov 2016 and issued on 17 Nov 2016 (RBI press release of 21 Oct 2016).
When does SGB 2016-17 Series III mature?
On 17 Nov 2024, eight years from its issue on 17 Nov 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 III be redeemed early?
It can no longer be redeemed: the tranche matured on 17 Nov 2024.
How much interest does SGB 2016-17 Series III pay?
2.5% a year on the issue price of ₹2,957 per gram — ₹73.93 per unit a year, paid in two halves on 17 Nov and 17 May, the last one with the redemption. Interest is taxable as income.