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SGB 2018-19 Series III: Issue Price ₹3,183, Redemption Dates and Value Today

Source: RBI press releases · latest release 12 May 2026 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)

Issue price

₹3,183 per gram

₹3,133 for online applications paying digitally

Value today (indicative)

₹14,281 up by ₹11,098 (348.66%)

vs the issue price · Mean of IBJA’s 999 closing price on 21 Oct 2026, 22 Oct 2026, 23 Oct 2026 — RBI’s rule applied to our own data. Indicative only: RBI fixes the price for each redemption date from the three business days before it, and only that figure is a price.

Latest RBI redemption price

₹15,102 up by ₹11,919 (374.46%)

for the redemption due 13 May 2026 · RBI, 12 May 2026

Key dates

Subscription period
–
Date of issue
Interest
2.5% a year on the issue price, paid every six months on 13 Nov and 13 May
Premature redemption
From 13 Nov 2023 (five years from issue), on each interest date
Maturity
13 Nov 2026 (eight years from issue)
Status
Redeemable early on the interest dates; matures on 13 Nov 2026

RBI’s redemption prices for SGB 2018-19 Series III

Every redemption price RBI has published for this tranche, newest first, with the gain over the issue price of ₹3,183 — price only, the half-yearly interest came on top
Due date Type Price per unit vs issue price
Premature ₹15,102 up by ₹11,919 (374.46%)
Premature ₹12,350 up by ₹9,167 (288.00%)
Premature ₹9,551 up by ₹6,368 (200.06%)
Premature ₹7,637 up by ₹4,454 (139.93%)
Premature ₹7,205 up by ₹4,022 (126.36%)
Premature ₹6,029 up by ₹2,846 (89.41%)

Frequently asked questions

What was the issue price of SGB 2018-19 Series III?

₹3,183 per gram, ₹3,133 for online applications paying digitally. It was open for subscription from 5 Nov 2018 to 9 Nov 2018 and issued on 13 Nov 2018 (RBI press release of 2 Nov 2018).

When does SGB 2018-19 Series III mature?

On 13 Nov 2026, eight years from its issue on 13 Nov 2018. 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 2018-19 Series III be redeemed early?

It can no longer be redeemed: the tranche matured on 13 Nov 2026.

What is SGB 2018-19 Series III worth today?

Indicatively ₹14,281 per unit — the mean of IBJA’s 999 closing price on 21 Oct 2026, 22 Oct 2026, 23 Oct 2026, which is RBI’s rule applied to the latest closes. That is +₹11,098 (+348.66%) on the issue price of ₹3,183, before interest. RBI fixes the actual price for each redemption date.

How much interest does SGB 2018-19 Series III pay?

2.5% a year on the issue price of ₹3,183 per gram — ₹79.58 per unit a year, paid in two halves on 13 Nov and 13 May, the last one with the redemption. Interest is taxable as income.