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The Reserve Bank of India (RBI) has announced the final redemption of Sovereign Gold Bonds (SGBs) under the 2017-18 Series IV, issued on October 23, 2017.

The redemption has been permitted today, October 23, 2025, and the price has been fixed at Rs 12,704 per unit, which is a 325.3% gain over the issue price of Rs 2,987. This does not include the 2.5% annual interest income earned during the holding period.

“In terms of GOI notification F. No.4(25)-(W&M)/2017 dated October 06, 2017 (SGB 2017-18 Series-IV-Issue date October 23, 2017) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be October 23, 2025," the RBI

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