Positive impactCorporate Action
SGB 2020-21 Series VII: Investors to pocket 192% gains on premature redemption; RBI fixes October 19 date
Mint 1 hr ago·17 Oct 2026, 3:46 am
The Reserve Bank of India has announced the redemption price for the Sovereign Gold Bond (SGB) 2020-21 Series VII. Investors who hold these bonds can now exchange them for cash at a rate of ₹14,614 per gram. This price reflects the current market value of gold and marks the end of the bond's three-year lock-in period.
This redemption is significant for investors as it offers substantial capital appreciation. Based on the issue price, investors stand to earn returns of nearly 192% on their investment. The bonds also paid a fixed interest rate of 2.5% annually, providing an additional yield on top of the capital gains from the redemption.
The redemption process is scheduled to begin on October 19. Investors can choose to redeem their bonds offline or online, depending on their preference. It is important to check the official RBI website for the exact timeline and to ensure all required documents are in order before the redemption date.
Key takeaways
- Category: Corporate Action.
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