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  5. SGB 2019-20 Series X premature redemption today: ₹1 lakh invested in 2020 is now worth ₹3.6 lakh; check upcoming redemption dates

Personal Finance News

SGB 2019-20 Series X premature redemption today: ₹1 lakh invested in 2020 is now worth ₹3.6 lakh; check upcoming redemption dates

Upstox
By Upstox News Desk

3 min read | Updated on September 11, 2026, 10:00 IST

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SUMMARY

SGB 2019-20 Series X investors see ₹1 lakh grow to around ₹3.6 lakh in six-and-a-half years. Check the ₹15,328 redemption price and upcoming SGB dates.

SGB 2019-20 Series X premature redemption today

Under the SGB framework, investors can seek premature redemption after completing five years from the date of issue.

Investors who bought Sovereign Gold Bond (SGB) 2019-20 Series X in March 2020 have seen the value of their investment rise sharply. The Reserve Bank of India (RBI) has fixed the premature redemption price at ₹15,328 per unit for September 11, 2026.

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The SGB 2019-20 Series X was issued on March 11, 2020, at an issue price of ₹4,260 per gram. Investors who opted for the online payment discount could buy the bond at ₹4,210 per gram.

At the regular issue price of ₹4,260, an investment of ₹1 lakh would have bought approximately 23.47 grams of the Sovereign Gold Bond.

At the September 11, 2026 premature redemption price of ₹15,328 per unit, the same holding would be worth approximately ₹3.60 lakh.

That means the value of the investment based on the gold-linked redemption price has increased by around ₹2.60 lakh, translating into a gain of nearly 260% over six-and-a-half years.

However, the ₹3.60 lakh figure does not include the interest earned by the investor during the holding period. These carry a fixed interest rate of 2.5% per annum, payable every six months. The interest is calculated on the initial investment amount rather than the prevailing market value of the bond. This makes the overall cash received by the investor higher than the ₹3.60 lakh redemption value calculated above.

The exact return for an individual investor can also differ depending on the purchase price, whether the investor received the digital-payment discount and the amount of interest already received.

How is the premature redemption price decided?

Under the SGB framework, investors can seek premature redemption after completing five years from the date of issue.

The redemption price is based on the simple average of the closing price of gold of 999 purity for the previous three business days. The gold prices published by the India Bullion and Jewellers Association (IBJA) are used for this calculation.

"For SGB 2019-20 Series X, the redemption price of ₹15,328 was arrived at using the closing gold prices for September 8, September 9 and September 10, 2026," RBI said.

More SGB tranches are coming up for premature redemption

SGB 2019-20 Series X is among several Sovereign Gold Bond tranches that are becoming eligible for premature redemption over the coming months. The RBI's schedule covers multiple series between October 2026 and March 2027, giving eligible investors several opportunities to exit before the bonds' eight-year maturity. Investors should check the applicable redemption date and request window for their specific series before opting for premature redemption. For the[ complete month-wise list of SGB premature redemption dates from October 2026 to March 2027, investors can check our earlier detailed calendar story]https://upstox.com/news/personal-finance/latest-updates/sovereign-gold-bond-sgb-premature-redemption-calendar-for-october-2026-march-2027-released-check-all-exit-dates/article-199069/ ).
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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Investors should do their own research or consult a registered financial advisor before making investment decisions.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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