Investors set to get 171% returns as govt opens premature redemption of gold bonds
Investors who purchased sovereign gold bonds (SGB) 2020-21 Series-II in 2020 are set to get huge returns as the government opened the SGBs' premature redemptions, opened five years after issuance. According to an RBI notice, the redemption price is set at ₹12,330/SGB unit, 171.5% higher than issuance price of ₹4,540/SGB unit. This is apart from the semi-annual interest of 2.5%.