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The Economic Times

Business

Sneha Kulkarni

250% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.5 lakh

Gold Reserve Bank of India Bonds RBI

The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II-Issue date May 19, 2020. According to a statement from the Central Bank, investors will have the option to redeem this SGB tranche prematurely from Tuesday, May 19, 2026.

The premature redemption of the SGB series will be permitted after the fifth year from the date of the issue of such gold bonds on a date on which interest is payable, as per the RBI statement.

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