Consider the following statements regarding the revised calendar for premature redemption of Sovereign Gold Bonds (SGBs) for April–September 2025:
- Premature redemption is permitted after five years from the issue date of the bonds, as per the RBI’s Consolidated Procedural Guidelines.
- Redemption proceeds are credited to the investor’s bank account directly via the India Bullion and Jewellers Association Ltd. (IBJA).
- The redemption price is based on the simple average of the closing gold price over the last three business days before the redemption date.
Which of the above statements are correct?
1
1 and 2 only
2
2 only
3
1 and 3 only
4
2 and 3 only
5
1, 2, and 3