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The Economic Times
The Economic Times
Sneha Kulkarni

This SGB delivers 190% return on premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.90 lakh

Gold Bonds RBI Reserve Bank of India the Reserve Bank of India

The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-IX-Issue date January 5, 2021. According to a statement from the Central Bank, investors will have the option to redeem this SGB tranche prematurely from July 4, 2026 (July 5 being holiday).

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 Reserve Bank of India (RBI) statement.

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