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The Economic Times
The Economic Times
Business
Sneha Kulkarni

382% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.82 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) 2018-19 Series-III-Issue date November 13, 2018. According to a statement from the Central Bank, investors will have the option to redeem this SGB tranche prematurely from Thursday, May 13, 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 a date on which interest is payable, as per the RBI statement.

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