Short answer

Your SGB maturity amount gets credited to the bank account linked with your iRage demat account. You will receive the amount in Indian Rupees (₹).

How the redemption price is calculated

The redemption price is determined by the simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewellers Association Limited (IBJA).

To learn more about SGBs, visit rbi.org.in/Scripts/FAQView.aspx?Id=109.