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SGB 2019-20 Series III: Issue Price ₹3,499, Redemption Dates and Value Today

Source: RBI press releases · latest release 13 Aug 2026 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)

Issue price

₹3,499 per gram

₹3,449 for online applications paying digitally

Value today (indicative)

₹14,281 up by ₹10,782 (308.15%)

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

₹15,310 up by ₹11,811 (337.55%)

for the redemption due 14 Aug 2026 · RBI, 13 Aug 2026

Key dates

Subscription period
–
Date of issue
Interest
2.5% a year on the issue price, paid every six months on 14 Aug and 14 Feb
Premature redemption
From 14 Aug 2024 (five years from issue), on each interest date Next date by the scheme’s terms: 14 Feb 2027. RBI’s half-yearly calendar confirms the exact date and the window to apply.
Maturity
14 Aug 2027 (eight years from issue)
Status
Redeemable early on the interest dates; matures on 14 Aug 2027

RBI’s redemption prices for SGB 2019-20 Series III

Every redemption price RBI has published for this tranche, newest first, with the gain over the issue price of ₹3,499 — price only, the half-yearly interest came on top
Due date Type Price per unit vs issue price
Premature ₹15,310 up by ₹11,811 (337.55%)
Premature ₹15,641 up by ₹12,142 (347.01%)
Premature ₹9,991 up by ₹6,492 (185.54%)
Premature ₹8,536 up by ₹5,037 (143.96%)
Premature ₹7,000 up by ₹3,501 (100.06%)

Frequently asked questions

What was the issue price of SGB 2019-20 Series III?

₹3,499 per gram, ₹3,449 for online applications paying digitally. It was open for subscription from 5 Aug 2019 to 9 Aug 2019 and issued on 14 Aug 2019 (RBI press release of 2 Aug 2019).

When does SGB 2019-20 Series III mature?

On 14 Aug 2027, eight years from its issue on 14 Aug 2019. 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 2019-20 Series III be redeemed early?

From 14 Aug 2024, five years after issue, on every interest date (14 Aug and 14 Feb each year) until maturity — the next such date is 14 Feb 2027. Apply through the bank, post office or broker the bond was bought through, in the window RBI’s calendar gives.

What is SGB 2019-20 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 +₹10,782 (+308.15%) on the issue price of ₹3,499, before interest. RBI fixes the actual price for each redemption date.

How much interest does SGB 2019-20 Series III pay?

2.5% a year on the issue price of ₹3,499 per gram — ₹87.48 per unit a year, paid in two halves on 14 Aug and 14 Feb, the last one with the redemption. Interest is taxable as income.