4 days ago
Investors Set To Earn Nearly 100% Return As SGB 2020-21 Series-IV Redemption Opens July 14
SGB Scheme Redemption: Investors holding Sovereign Gold Bond (SGB) 2020-21 Series-IV can opt for early redemption on July 14, 2025. The Reserve Bank of India (RBI) has fixed the redemption price at Rs 9,688 per gram.
Sovereign Gold Bond (SGB) 2020-21 Series-IV was Issued at Rs 4,852 per gram in July 2020. The SGB 2020-21 Series-IV offers investors an absolute return of Rs 4,836 per gram over five years, translating to a 99.67% return on the principal amount. This doesn't include the additional 2.5 per cent interest on every six month.
