Issue price
₹6,263 per gram
₹6,213 for online applications paying digitally
SGB 2023-24 Series IV: Issue Price ₹6,263, Redemption Dates and Value Today
Source: RBI press releases · latest release 9 Feb 2024 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)
Value today (indicative)
₹14,281 up by ₹8,018 (128.02%)
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.
Key dates
- Subscription period
- –
- Date of issue
- Interest
- 2.5% a year on the issue price, paid every six months on 21 Feb and 21 Aug
- Premature redemption
- From 21 Feb 2029 (five years from issue), on each interest date Next date by the scheme’s terms: 21 Feb 2029. RBI’s half-yearly calendar confirms the exact date and the window to apply.
- Maturity
- 21 Feb 2032 (eight years from issue)
- Status
- Not yet redeemable — premature redemption opens on 21 Feb 2029
RBI’s redemption prices for SGB 2023-24 Series IV
RBI has not yet published a redemption price for this tranche; its first premature redemption date is 21 Feb 2029.
Frequently asked questions
What was the issue price of SGB 2023-24 Series IV?
₹6,263 per gram, ₹6,213 for online applications paying digitally. It was open for subscription from 12 Feb 2024 to 16 Feb 2024 and issued on 21 Feb 2024 (RBI press release of 9 Feb 2024).
When does SGB 2023-24 Series IV mature?
On 21 Feb 2032, eight years from its issue on 21 Feb 2024. 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 2023-24 Series IV be redeemed early?
From 21 Feb 2029, five years after issue, on every interest date (21 Feb and 21 Aug each year) until maturity — the next such date is 21 Feb 2029. Apply through the bank, post office or broker the bond was bought through, in the window RBI’s calendar gives.
What is SGB 2023-24 Series IV 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 +₹8,018 (+128.02%) on the issue price of ₹6,263, before interest. RBI fixes the actual price for each redemption date.
How much interest does SGB 2023-24 Series IV pay?
2.5% a year on the issue price of ₹6,263 per gram — ₹156.58 per unit a year, paid in two halves on 21 Feb and 21 Aug, the last one with the redemption. Interest is taxable as income.