Premature redemption of the SGB series is usually allowed after the fifth year from the date of issue of these gold bonds. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Reserve Bank of India announced the premature redemption price of Rs 12,198 per unit for Sovereign Gold Bond 2020-21 Series-I.

According to calculations, these premature redemptions can yield up to 166% in returns.

The bonds have the issue date of Oct. 28, 2020. Investors will be able to redeem this tranche on a premature basis from Oct 28. 2025, according to a statement from the RBI.

Premature redemption of the SGB series is usually allowed after the fifth year from the date of issue of these gold bonds, and on the date on which interest is payable according to the central bank.

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