Issue price
₹2,600 per gram
SGB 2016-I: Issue Price ₹2,600, Redemption Dates and Value Today
Source: RBI press releases · latest release 2 Feb 2024 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)
Final redemption price
₹6,271 up by ₹3,671 (141.19%)
for the redemption due 8 Feb 2024 · RBI, 2 Feb 2024
Key dates
- Subscription period
- –
- Date of issue
- Interest
- 2.75% a year on the issue price, paid every six months on 8 Feb and 8 Aug
- Premature redemption
- From 8 Feb 2021 (five years from issue), on each interest date
- Maturity
- 8 Feb 2024 (eight years from issue)
- Status
- Matured — RBI’s final redemption fell on 8 Feb 2024 at ₹6,271 per unit
RBI’s redemption prices for SGB 2016-I
Frequently asked questions
What was the issue price of SGB 2016-I?
₹2,600 per gram. It was open for subscription from 18 Jan 2016 to 22 Jan 2016 and issued on 8 Feb 2016 (RBI press release of 15 Jan 2016).
When does SGB 2016-I mature?
On 8 Feb 2024, eight years from its issue on 8 Feb 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-I be redeemed early?
It can no longer be redeemed: the tranche matured on 8 Feb 2024.
How much interest does SGB 2016-I pay?
2.75% a year on the issue price of ₹2,600 per gram — ₹71.50 per unit a year, paid in two halves on 8 Feb and 8 Aug, the last one with the redemption. Interest is taxable as income.