Sovereign Gold Bonds: The Reserve Bank of India (RBI) has announced the premature redemption of Sovereign Gold Bonds (SGBs) under the 2018-19 Series-II, issued on October 23, 2018.

The redemption has been permitted today, October 23, 2025, and the price has been fixed at Rs 12,704 per unit, which is a 303.81% gain over the issue price of Rs 3,146. This does not include the 2.5% annual interest income earned during the holding period.

“In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-II-Issue date October 23, 2018) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redem

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