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SGB 2016-II: Issue Price ₹2,916, Redemption Dates and Value Today

Source: RBI press releases · latest release 22 Mar 2024 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)

Issue price

₹2,916 per gram

Final redemption price

₹6,601 up by ₹3,685 (126.37%)

for the redemption due 28 Mar 2024 · RBI, 22 Mar 2024

Key dates

Subscription period
–
Date of issue
Interest
2.75% a year on the issue price, paid every six months on 29 Mar and 29 Sep
Premature redemption
From 29 Mar 2021 (five years from issue), on each interest date
Maturity
29 Mar 2024 (eight years from issue)
Status
Matured — RBI’s final redemption fell on 28 Mar 2024 at ₹6,601 per unit

RBI’s redemption prices for SGB 2016-II

Every redemption price RBI has published for this tranche, newest first, with the gain over the issue price of ₹2,916 — price only, the half-yearly interest came on top
Due date Type Price per unit vs issue price
Final ₹6,601 up by ₹3,685 (126.37%)
Premature ₹5,921 up by ₹3,005 (103.05%)
Premature ₹5,921 up by ₹3,005 (103.05%)
Premature ₹4,952 up by ₹2,036 (69.82%)
Premature ₹5,166 up by ₹2,250 (77.16%)
Premature ₹4,652 up by ₹1,736 (59.53%)
Premature ₹4,491 up by ₹1,575 (54.01%)

Frequently asked questions

What was the issue price of SGB 2016-II?

₹2,916 per gram. It was open for subscription from 8 Mar 2016 to 14 Mar 2016 and issued on 29 Mar 2016 (RBI press release of 4 Mar 2016).

When does SGB 2016-II mature?

On 29 Mar 2024, eight years from its issue on 29 Mar 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-II be redeemed early?

It can no longer be redeemed: the tranche matured on 29 Mar 2024.

How much interest does SGB 2016-II pay?

2.75% a year on the issue price of ₹2,916 per gram — ₹80.19 per unit a year, paid in two halves on 29 Mar and 29 Sep, the last one with the redemption. Interest is taxable as income.