Sovereign Gold Bonds 147% returns: RBI announces premature redemption date for two SGB tranches
According to the calculation, investors in the 2019-20 Series-IX, issued in September 2019 at Rs 4,070 per gram, will see an absolute gain of 147% or Rs 6,000 per unit. The Reserve Bank of India has announced Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V premature redemption date. The investors can opt for premature…