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The Economic Times
The Economic Times
Sneha Kulkarni

198% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.98 lakh; check details

The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-IV-Issue date July 14, 2020. According to a statement from the central bank, investors will have the option to redeem this SGB tranche prematurely from July 14, 2026. The premature redemption of the SGB series will be permitted after the fifth year from the date of issue of such gold bonds on the date on which interest is payable, as per the RBI statement.

How is SGB redemption price calculated?

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